Whitecap Resources (TSE:WCP) Insider Travis Bjarne Tweit Purchases 3,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCPGet Free Report) insider Travis Bjarne Tweit bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of C$16.92 per share, for a total transaction of C$50,760.00. Following the completion of the acquisition, the insider owned 224,204 shares in the company, valued at approximately C$3,793,531.68. This trade represents a 1.36% increase in their position.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$16.79 on Friday. The company has a market cap of C$20.38 billion, a P/E ratio of 23.00, a PEG ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. Whitecap Resources Inc. has a one year low of C$8.39 and a one year high of C$17.33. The business’s 50-day simple moving average is C$15.28 and its 200 day simple moving average is C$13.15.

Whitecap Resources (TSE:WCPGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$1.84 billion for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. On average, sell-side analysts forecast that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a dividend of $0.0608 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.

Analyst Ratings Changes

Several equities research analysts recently commented on WCP shares. Scotia raised their target price on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. BMO Capital Markets lifted their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Canaccord Genuity Group lifted their price objective on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Royal Bank Of Canada lifted their price objective on Whitecap Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, Desjardins lifted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$16.73.

View Our Latest Research Report on Whitecap Resources

About Whitecap Resources

(Get Free Report)

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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