Grant Bradley Fagerheim Acquires 5,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average price of C$10.71 per share, with a total value of C$53,550.00.

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

• On Thursday, July 10th, Grant Bradley Fagerheim acquired 15,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$9.43 per share, with a total value of C$141,450.00.
• On Wednesday, June 4th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$8.72 per share, with a total value of C$87,200.00.
• On Tuesday, May 20th, Grant Bradley Fagerheim bought 8,500 shares of Whitecap Resources stock. The shares were bought at an average price of C$8.55 per share, with a total value of C$72,675.00.
• On Friday, May 9th, Grant Bradley Fagerheim bought 15,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$8.06 per share, with a total value of C$120,900.00.
• On Monday, May 5th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$7.61 per share, with a total value of C$76,100.00.

Whitecap Resources Trading Down 0.2%

TSE:WCP opened at C$10.72 on Thursday. 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$6.26 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a one year low of C$6.87 and a one year high of C$11.31. The business has a fifty day moving average price of C$9.37 and a 200-day moving average price of C$9.11.

Whitecap Resources Announces Dividend

The company also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.0608 dividend. This represents a yield of 7.54%. The ex-dividend date of this dividend is Thursday, July 31st. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. National Bank Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, May 12th. Scotiabank upgraded shares of Whitecap Resources from a “sector perform” rating to an “outperform” rating and set a C$12.00 target price for the company in a research note on Thursday, May 22nd. CIBC decreased their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Desjardins lowered shares of Whitecap Resources from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Finally, National Bankshares upped their price objective on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Whitecap Resources currently has a consensus rating of “Buy” and a consensus price target of C$13.13.

Whitecap Resources Company Profile

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.