Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 10,000 shares of the business's stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of C$10.08 per share, for a total transaction of C$100,800.00.
Grant Bradley Fagerheim also recently made the following trade(s):
- On Monday, April 29th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$10.69 per share, with a total value of C$106,900.00.
- On Friday, April 5th, Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$10.58 per share, with a total value of C$52,900.00.
- On Monday, February 5th, Grant Bradley Fagerheim purchased 3,723 shares of Whitecap Resources stock. The stock was purchased at an average price of C$8.17 per share, for a total transaction of C$30,416.91.
Whitecap Resources Stock Down 1.1 %
Shares of TSE:WCP opened at C$9.92 on Friday. The business's 50 day moving average is C$10.14 and its 200 day moving average is C$9.61. Whitecap Resources Inc. has a 12-month low of C$8.15 and a 12-month high of C$11.91. The stock has a market cap of C$5.93 billion, a price-to-earnings ratio of 6.79, a PEG ratio of -0.33 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25.
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Whitecap Resources (TSE:WCP - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.14). Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The firm had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. On average, sell-side analysts forecast that Whitecap Resources Inc. will post 1.2846626 earnings per share for the current fiscal year.
Whitecap Resources Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Monday, April 29th. Whitecap Resources's dividend payout ratio is presently 44.52%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on WCP shares. Stifel Nicolaus lifted their target price on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a "buy" rating in a research note on Tuesday, April 23rd. Desjardins upped their target price on Whitecap Resources from C$11.00 to C$11.50 and gave the company a "buy" rating in a research report on Friday, February 23rd. National Bankshares lowered their target price on Whitecap Resources from C$18.50 to C$15.00 and set an "outperform" rating for the company in a report on Wednesday, January 10th. CIBC increased their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Monday, April 22nd. Finally, Raymond James lowered their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a "strong-buy" rating for the company in a research note on Friday, January 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$13.56.
Get Our Latest Stock Analysis on WCP
About Whitecap Resources
(
Get Free Report)
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.
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