Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Purchases C$20,328.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall acquired 2,200 shares of the stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of C$9.24 per share, with a total value of C$20,328.00.

Whitecap Resources Stock Up 0.2 %

Whitecap Resources stock opened at C$9.33 on Friday. The company’s 50 day simple moving average is C$9.60 and its 200 day simple moving average is C$10.03. Whitecap Resources Inc. has a fifty-two week low of C$7.88 and a fifty-two week high of C$11.31. The firm has a market capitalization of C$5.45 billion, a price-to-earnings ratio of 6.29, a PEG ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a yield of 7.82%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s payout ratio is 49.25%.

Analyst Ratings Changes

WCP has been the subject of several research reports. Desjardins set a C$12.00 price objective on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Wednesday. Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a research report on Tuesday, March 11th. Finally, National Bankshares lowered their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Whitecap Resources presently has a consensus rating of “Buy” and a consensus target price 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.