Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Buys 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction on Monday, March 24th. The shares were acquired at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.

Grant Bradley Fagerheim also recently made the following trade(s):

• On Thursday, March 27th, Grant Bradley Fagerheim purchased 11,200 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$9.39 per share, for a total transaction of C$105,168.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Price Performance

WCP traded down C$0.11 during trading on Friday, hitting C$9.30. The company's stock had a trading volume of 3,619,713 shares, compared to its average volume of 3,704,781. The firm's 50 day moving average price is C$9.54 and its two-hundred day moving average price is C$10.02. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The stock has a market capitalization of C$5.43 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 12 month low of C$7.88 and a 12 month high of C$11.31.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.0608 per share. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 7.85%. Whitecap Resources's dividend payout ratio (DPR) is currently 49.25%.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on WCP. National Bankshares reduced their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Raymond James upgraded shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price target on the stock in a research note on Tuesday, March 11th. Finally, Desjardins set a C$12.00 price objective on shares of Whitecap Resources and gave the company a "buy" rating in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$13.52.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.