Grant Bradley Fagerheim Buys 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of C$10.08 per share, with a total value of C$100,800.00.

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

• On Monday, April 29th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$10.69 per share, with a total value of C$106,900.00.
• On Friday, April 5th, Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$10.58 per share, with a total value of C$52,900.00.
• On Monday, February 5th, Grant Bradley Fagerheim purchased 3,723 shares of Whitecap Resources stock. The stock was bought at an average cost of C$8.17 per share, with a total value of C$30,416.91.

Whitecap Resources Trading Down 1.1 %

TSE WCP opened at C$9.92 on Friday. The stock’s 50-day simple moving average is C$10.14 and its two-hundred day simple moving average is C$9.60. Whitecap Resources Inc. has a twelve month low of C$8.15 and a twelve month high of C$11.91. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The company has a market capitalization of C$5.93 billion, a price-to-earnings ratio of 6.79, a PEG ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The firm had revenue of C$933.30 million for the quarter, compared to analysts’ expectations of C$787.00 million. Research analysts forecast that Whitecap Resources Inc. will post 1.2846626 EPS for the current fiscal year.

Whitecap Resources Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a dividend yield of 7.35%. Whitecap Resources’s dividend payout ratio is currently 44.52%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. CIBC raised their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. ATB Capital dropped their price objective on Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. BMO Capital Markets lifted their price objective on Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, April 25th. Desjardins lifted their price objective on Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus lifted their price objective on Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$13.56.

Whitecap Resources Company Profile

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. The company was founded in 2009 and is headquartered in Calgary, Canada.