Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Purchases 30,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 30,000 shares of Whitecap Resources stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$8.56 on Thursday. Whitecap Resources Inc. has a fifty-two week low of C$7.88 and a fifty-two week high of C$11.31. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The firm has a market capitalization of C$5.00 billion, a P/E ratio of 5.78, a P/E/G ratio of -0.33 and a beta of 2.67. The company’s 50 day moving average price is C$9.81 and its two-hundred day moving average price is C$10.10.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0608 per share. The ex-dividend date is Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.52%. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Wall Street Analyst Weigh In

WCP has been the subject of several recent analyst reports. National Bankshares cut their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research report on Tuesday. Finally, Desjardins cut their price objective on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Tuesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.52.

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