Key Points
- Insider buying: Whitecap Resources insider Travis Bjarne Tweit bought 3,000 shares on May 25 at C$16.42 each, a C$49,260 transaction. His direct stake increased to 227,204 shares, and he also bought 3,000 shares on May 22.
- Stock and fundamentals: The shares were trading down 3.7% at C$16.17, near their 12-month high of C$17.33. Whitecap has a market cap of C$19.65 billion and recently reported quarterly EPS of C$0.02 on revenue of C$1.84 billion.
- Analyst sentiment and dividend: Several analysts raised price targets and maintained bullish ratings, giving the stock a consensus Buy with a target price of C$16.73. The company also pays a monthly dividend yielding about 4.5%, though its payout ratio is high at 99.95%.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Travis Bjarne Tweit bought 3,000 shares of the firm's stock in a transaction that occurred on Monday, May 25th. The stock was bought at an average price of C$16.42 per share, for a total transaction of C$49,260.00. Following the completion of the acquisition, the insider directly owned 227,204 shares in the company, valued at approximately C$3,730,689.68. The trade was a 1.34% increase in their ownership of the stock.
Travis Bjarne Tweit also recently made the following trade(s):
- On Friday, May 22nd, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$16.92 per share, for a total transaction of C$50,760.00.
Whitecap Resources Trading Down 3.7%
Shares of TSE WCP opened at C$16.17 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources Inc. has a 12 month low of C$8.40 and a 12 month high of C$17.33. The company has a market cap of C$19.65 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of -0.33 and a beta of 0.38. The business has a fifty day simple moving average of C$15.31 and a 200-day simple moving average of C$13.21.
Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$1.84 billion for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. Sell-side analysts predict that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.
Whitecap Resources Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a $0.0608 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources's dividend payout ratio (DPR) is 99.95%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on WCP shares. Scotia upped their price target on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 30th. Raymond James Financial lifted their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. TD increased their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the company a "buy" rating in a report on Thursday, April 30th. BMO Capital Markets raised their target price on Whitecap Resources from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 24th. Finally, ATB Cormark Capital Markets lifted their price target on Whitecap Resources from C$17.50 to C$18.50 and gave the company an "outperform" rating in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$16.73.
Read Our Latest Stock Report on WCP
About Whitecap Resources
(
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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