Key Points
- Whitecap Resources director Grant Bradley Fagerheim bought 5,000 shares on June 12 at an average price of C$16.30, increasing his holdings to 3,287,599 shares worth about C$53.6 million.
- The purchase comes after recent insider selling by Fagerheim in April, when he sold a combined 6,100 shares in three transactions.
- Whitecap Resources stock was down 1.8% and recently traded near C$16.34, while analysts remain mostly bullish with a consensus Buy rating and average target price of C$17.00.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 5,000 shares of the firm's stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of C$16.30 per share, with a total value of C$81,500.00. Following the completion of the purchase, the director owned 3,287,599 shares of the company's stock, valued at approximately C$53,587,863.70. This trade represents a 0.15% increase in their position.
Grant Bradley Fagerheim also recently made the following trade(s):
- On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$8,196.00.
- On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00.
- On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$6,830.00.
Whitecap Resources Stock Down 1.8%
WCP stock opened at C$16.34 on Friday. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. The stock has a market capitalization of C$19.86 billion, a P/E ratio of 22.38, a P/E/G ratio of -0.33 and a beta of 0.14. The business has a 50-day moving average of C$15.75 and a 200-day moving average of C$13.73. Whitecap Resources Inc. has a fifty-two week low of C$8.88 and a fifty-two week high of C$17.34.
Whitecap Resources (TSE:WCP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. On average, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.
Whitecap Resources Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.0608 per share. 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 is currently 99.95%.
Analysts Set New Price Targets
WCP has been the subject of several recent research reports. BMO Capital Markets upped their price objective 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. Canaccord Genuity Group upped their price objective on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Desjardins upped their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Scotia upped their target price on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 30th. Finally, Raymond James Financial upped their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock 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.com, the stock has an average rating of "Buy" and a consensus target price of C$17.00.
Check Out Our Latest Analysis 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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