Whitecap Resources (TSE:WCP) Director Grant Bradley Fagerheim Buys 5,000 Shares

Whitecap Resources Inc. (TSE:WCPGet Free Report) Director Grant Bradley Fagerheim bought 5,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of C$16.30 per share, with a total value of C$81,500.00. Following the transaction, the director owned 3,287,599 shares in the company, valued at C$53,587,863.70. The trade was a 0.15% increase in their position.

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

  • On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total value of C$8,196.00.
  • On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.76, for a total value of C$68,800.00.
  • On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total transaction of C$6,830.00.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock traded down C$0.38 on Friday, hitting C$16.26. The company had a trading volume of 3,634,501 shares, compared to its average volume of 6,660,595. The business has a 50-day simple moving average of C$15.72 and a 200-day simple moving average of C$13.71. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. The company has a market cap of C$19.76 billion, a PE ratio of 22.27, a PEG ratio of -0.33 and a beta of 0.14. Whitecap Resources Inc. has a 52 week low of C$8.88 and a 52 week high of C$17.34.

Whitecap Resources (TSE:WCPGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The business had revenue of C$1.84 billion during the quarter. Research analysts expect that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.0608 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.5%. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WCP. BMO Capital Markets raised their target price on shares of 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 raised their target price on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Scotia raised their target price on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Desjardins raised their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$17.00.

View Our Latest Stock Report on Whitecap Resources

Whitecap Resources Company Profile

(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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Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

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