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

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was purchased at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.

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

• On Wednesday, March 12th, Grant Bradley Fagerheim purchased 30,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Stock Up 1.4 %

TSE:WCP opened at C$9.48 on Wednesday. The business’s fifty day moving average price is C$9.57 and its 200 day moving average price is C$10.03. The firm has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 6.40, a PEG ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources Inc. has a 1-year low of C$7.88 and a 1-year high of C$11.31.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Raymond James raised shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a research note on Tuesday, March 11th. National Bankshares dropped their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Desjardins set a C$12.00 price objective on Whitecap Resources and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and an average 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.