Grant Bradley Fagerheim Purchases 15,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 15,000 shares of the business’s stock in a transaction on Friday, May 9th. The shares were bought at an average cost of C$8.06 per share, with a total value of C$120,900.00.

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

• On Monday, May 5th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$7.61 per share, with a total value of C$76,100.00.
• On Wednesday, April 9th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$7.17 per share, for a total transaction of C$71,700.00.
• On Friday, April 4th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$7.60 per share, with a total value of C$38,000.00.
• On Thursday, March 27th, Grant Bradley Fagerheim bought 11,200 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$9.39 per share, for a total transaction of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$9.38 per share, with a total value of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim acquired 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 Stock Performance

Shares of TSE:WCP opened at C$8.04 on Friday. The firm’s 50 day simple moving average is C$8.38 and its 200 day simple moving average is C$9.48. Whitecap Resources Inc. has a fifty-two week low of C$6.87 and a fifty-two week high of C$11.31. The company has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 5.42, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources Dividend Announcement

The company also recently declared a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0608 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 8.97%. Whitecap Resources’s dividend payout ratio is 49.25%.

Analyst Ratings Changes

Several research analysts recently weighed in on WCP shares. CIBC dropped their price objective on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a report on Tuesday, March 11th. Desjardins reduced their target price on shares of Whitecap Resources from C$12.00 to C$11.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, National Bankshares dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Whitecap Resources currently has an average rating of “Buy” and a consensus target price of C$13.06.

Whitecap Resources Company Profile

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.