Grant Bradley Fagerheim Buys 30,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 30,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Down 1.4 %

TSE:WCP opened at C$8.44 on Friday. 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’s 50-day moving average price is C$9.81 and its 200-day moving average price is C$10.10. The company has a market capitalization of C$4.93 billion, a PE ratio of 5.69, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1-year low of C$7.88 and a 1-year high of C$11.31.

Whitecap Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WCP shares. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a report on Tuesday. National Bankshares reduced their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Desjardins decreased their target price on Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Tuesday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$13.52.

Whitecap Resources Company Profile

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.