Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Buys 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average price 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 acquired 5,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$10.58 per share, for a total transaction of C$52,900.00.
• On Monday, February 5th, Grant Bradley Fagerheim bought 3,723 shares of Whitecap Resources stock. The stock was purchased at an average price of C$8.17 per share, with a total value of C$30,416.91.

Whitecap Resources Stock Down 1.1 %

Whitecap Resources stock opened at C$9.92 on Monday. Whitecap Resources Inc. has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90. The firm’s 50-day simple moving average is C$10.14 and its 200 day simple moving average is C$9.59. The stock has a market cap of C$5.93 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last announced its 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). The business had revenue of C$933.30 million during the quarter, compared to analysts’ expectations of C$787.00 million. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. Research analysts predict that Whitecap Resources Inc. will post 1.2846626 EPS for the current fiscal year.

Whitecap Resources Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WCP. Desjardins increased their price target on Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus increased their target price on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. National Bankshares decreased their price target on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. ATB Capital dropped their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating, eight have issued 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 an average price target of C$13.56.

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.