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

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of C$9.47 per share, with a total value of C$142,050.00.

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

• On Tuesday, November 7th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$9.99 per share, with a total value of C$99,900.00.
• On Monday, October 30th, Grant Bradley Fagerheim bought 15,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$10.72 per share, for a total transaction of C$160,800.00.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$9.53 on Friday. The firm’s 50 day simple moving average is C$10.95 and its 200-day simple moving average is C$10.40. The company has a debt-to-equity ratio of 22.40, a quick ratio of 0.67 and a current ratio of 0.73. Whitecap Resources Inc. has a one year low of C$8.90 and a one year high of C$11.91. The firm has a market cap of C$5.78 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of -0.33 and a beta of 2.82.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, October 25th. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.35 by C($0.10). The firm had revenue of C$1.03 billion for the quarter. Whitecap Resources had a return on equity of 17.79% and a net margin of 26.66%. As a group, equities analysts predict that Whitecap Resources Inc. will post 1.3262317 EPS for the current year.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.061 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.73 annualized dividend and a dividend yield of 7.68%. Whitecap Resources’s dividend payout ratio is currently 48.67%.

Analysts Set New Price Targets

WCP has been the subject of a number of analyst reports. ATB Capital raised their price target on Whitecap Resources from C$15.00 to C$16.00 in a research report on Friday, October 20th. Desjardins dropped their price target on shares of Whitecap Resources from C$14.00 to C$13.50 and set a “buy” rating for the company in a research note on Friday, October 27th. National Bankshares increased their price objective on shares of Whitecap Resources from C$16.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. Raymond James dropped their target price on Whitecap Resources from C$16.00 to C$15.50 and set a “strong-buy” rating for the company in a research report on Thursday, October 26th. Finally, Scotiabank upped their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$14.77.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. Whitecap Resources Inc was founded in 2009 and is headquartered in Calgary, Canada.