Grant Bradley Fagerheim Acquires 10,000 Shares of Whitecap Resources Inc. (WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The shares were acquired at an average cost of C$9.76 per share, for a total transaction of C$97,600.00.

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

  • On Friday, March 10th, Grant Bradley Fagerheim bought 6,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$9.98 per share, for a total transaction of C$59,880.00.
  • On Monday, March 13th, Grant Bradley Fagerheim bought 6,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$10.09 per share, for a total transaction of C$60,540.00.

Shares of Whitecap Resources Inc. (TSE:WCP) traded down 0.91% during mid-day trading on Friday, hitting $9.78. The company’s stock had a trading volume of 694,860 shares. Whitecap Resources Inc. has a 1-year low of $8.60 and a 1-year high of $12.90. The company has a market cap of $3.61 billion and a price-to-earnings ratio of 19.56. The company has a 50-day moving average of $10.26 and a 200 day moving average of $11.05.

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Several research analysts have weighed in on the company. Scotiabank reaffirmed an “outperform” rating and issued a C$14.50 target price on shares of Whitecap Resources in a research report on Friday, January 6th. Canaccord Genuity upped their target price on Whitecap Resources from C$13.00 to C$14.50 and gave the stock a “buy” rating in a research report on Friday, January 6th. Barclays PLC dropped their target price on Whitecap Resources from C$14.00 to C$13.00 in a research report on Monday, January 23rd. CIBC upped their target price on Whitecap Resources from C$13.50 to C$15.00 in a research report on Wednesday, January 25th. Finally, TD Securities reiterated a “buy” rating and set a C$15.00 price target on shares of Whitecap Resources in a research note on Tuesday, February 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Whitecap Resources currently has an average rating of “Buy” and a consensus price target of C$14.30.

Whitecap Resources Company Profile

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

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