Whitecap Resources (TSE:WCP) Stock: Insider Grant Bradley Fagerheim Acquires 10,000 Shares

Whitecap Resources Inc. (TSE:WCP – Get Free Report) Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of C$18.73 per share, for a total transaction of C$187,300.00. Following the completion of the purchase, the director directly owned 3,308,099 shares in the company, valued at C$61,960,694.27. This represents a 0.30% increase in their position.

Whitecap Resources Stock Up 1.4%

WCP opened at C$18.60 on Wednesday. The firm has a market cap of C$22.63 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. The business has a 50 day moving average price of C$18.76 and a 200 day moving average price of C$15.98. Whitecap Resources Inc. has a twelve month low of C$10.18 and a twelve month high of C$20.79.

Whitecap Resources (TSE:WCP – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$0.27 EPS for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. The company had revenue of C$2.14 billion for the quarter. Research analysts forecast that Whitecap Resources Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WCP shares. National Bank Financial raised their target price on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, October 20th. Desjardins boosted their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Canaccord Genuity Group boosted their target price on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research report on Thursday, October 29th. TD upped their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, September 11th. Finally, Royal Bank Of Canada raised their price target on Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, Whitecap Resources presently has an average rating of “Buy” and a consensus target price of C$20.50.

View Our Latest Research Report on WCP

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.

Recommended Stories

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

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.