Key Points
- Insider buying continued: Whitecap Resources insider Travis Bjarne Tweit bought 3,000 shares for C$46,440, increasing his stake by 1.32% to 230,204 shares. He had also purchased 3,000 shares on both May 25 and May 22.
- Stock and financial snapshot: Shares last traded at C$16.18, near the 52-week high of C$17.34, with a market cap of C$19.67 billion. The company reported C$0.02 EPS on C$1.84 billion in quarterly revenue.
- Analyst sentiment remains positive: Several firms raised price targets or upgraded the stock, and MarketBeat reports an average rating of Buy with a C$17.00 target price.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock in a transaction on Monday, June 15th. The shares were bought at an average price of C$15.48 per share, for a total transaction of C$46,440.00. Following the acquisition, the insider owned 230,204 shares of the company's stock, valued at approximately C$3,563,557.92. The trade was a 1.32% increase in their position.
Travis Bjarne Tweit also recently made the following trade(s):
- On Monday, May 25th, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$16.42 per share, for a total transaction of C$49,260.00.
- On Friday, May 22nd, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$16.92 per share, for a total transaction of C$50,760.00.
Whitecap Resources Price Performance
Shares of WCP opened at C$16.18 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 33.01. Whitecap Resources Inc. has a 1 year low of C$8.88 and a 1 year high of C$17.34. The stock has a market cap of C$19.67 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of -0.33 and a beta of 0.14. The stock's 50-day moving average price is C$15.78 and its two-hundred day moving average price is C$13.78.
Whitecap Resources (TSE:WCP - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The firm had revenue of C$1.84 billion for the quarter. On average, equities analysts predict that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.
Whitecap Resources Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.0608 per share. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.5%. Whitecap Resources's dividend payout ratio (DPR) is 99.95%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the company an "outperform" rating in a report on Tuesday, May 26th. Scotiabank upgraded Whitecap Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 19th. Desjardins lifted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. TD Securities lifted their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets lifted their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$17.00.
View Our Latest Stock Report on Whitecap Resources
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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