Travis Bjarne Tweit Purchases 3,000 Shares of Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit purchased 3,000 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average price of C$16.92 per share, for a total transaction of C$50,760.00. Following the completion of the transaction, the insider directly owned 224,204 shares of the company’s stock, valued at approximately C$3,793,531.68. This trade represents a 1.36% increase in their ownership of the stock.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$16.79 on Friday. The business’s fifty day moving average price is C$15.28 and its two-hundred day moving average price is C$13.15. Whitecap Resources Inc. has a fifty-two week low of C$8.39 and a fifty-two week high of C$17.33. The stock has a market capitalization of C$20.41 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The firm had revenue of C$1.84 billion for the quarter. As a group, analysts predict that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a $0.0608 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio is 99.95%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WCP. ATB Cormark Capital Markets upped their price target on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Raymond James Financial upped their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. National Bank Financial increased their target price on Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. TD Securities increased their target price on Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, Scotia increased their target price on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and a consensus target price of C$16.73.

About Whitecap Resources

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.