Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Buys C$87,200.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average cost of C$8.72 per share, for a total transaction of C$87,200.00.

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

• On Tuesday, May 20th, Grant Bradley Fagerheim bought 8,500 shares of Whitecap Resources stock. The stock was purchased at an average price of C$8.55 per share, for a total transaction of C$72,675.00.
• On Friday, May 9th, Grant Bradley Fagerheim purchased 15,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$8.06 per share, with a total value of C$120,900.00.
• On Monday, May 5th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$7.61 per share, for a total transaction of C$76,100.00.
• On Wednesday, April 9th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$7.17 per share, with a total value of C$71,700.00.
• On Friday, April 4th, Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$7.60 per share, with a total value of C$38,000.00.
• On Thursday, March 27th, Grant Bradley Fagerheim purchased 11,200 shares of Whitecap Resources stock. The shares were acquired at an average price 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 shares were acquired at an average cost 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 stock was acquired at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Price Performance

TSE:WCP opened at C$8.69 on Friday. Whitecap Resources Inc. has a 52 week low of C$6.87 and a 52 week high of C$11.31. The stock’s fifty day moving average is C$8.23 and its two-hundred day moving average is C$9.25. The company has a market capitalization of C$5.07 billion, a P/E ratio of 5.86, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

Whitecap Resources Announces Dividend

The business also recently disclosed a apr 25 dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were issued a $0.0608 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a yield of 8.97%. Whitecap Resources’s dividend payout ratio (DPR) is currently 49.25%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. National Bankshares boosted their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. CIBC reduced their price objective on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Desjardins cut Whitecap Resources from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Raymond James raised their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, National Bank Financial raised shares of Whitecap Resources to a “strong-buy” rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$12.88.

About Whitecap Resources

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.