Whitecap Resources (TSE:WCP) Stock: Insider Grant Bradley Fagerheim Buys 5,000 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of C$17.33 per share, with a total value of C$86,650.00. Following the completion of the purchase, the director owned 3,318,099 shares in the company, valued at approximately C$57,502,655.67. This represents a 0.15% increase in their position.

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

• On Monday, November 2nd, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$18.73 per share, with a total value of C$187,300.00.

Whitecap Resources Trading Down 0.2%

Shares of WCP stock opened at C$16.67 on Friday. The company has a 50 day moving average of C$18.71 and a 200-day moving average of C$16.06. The firm has a market cap of C$20.28 billion, a P/E ratio of 13.13, a PEG ratio of -0.33 and a beta of 0.21. Whitecap Resources Inc. has a 12-month low of C$10.32 and a 12-month high of C$20.79. The company has a quick ratio of 0.67, a current ratio of 0.60 and a debt-to-equity ratio of 23.99.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share for the quarter. The business had revenue of C$2.14 billion for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. Sell-side analysts anticipate that Whitecap Resources Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Desjardins raised their price objective on Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Royal Bank Of Canada boosted their target price on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. TD raised their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Canaccord Genuity Group lifted their price objective on Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, Whitecap Resources has a consensus rating of “Buy” and an average target price of C$20.50.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.