Grant Bradley Fagerheim Buys 15,000 Shares of Whitecap Resources (TSE:WCP) Stock

Key Points

• Grant Bradley Fagerheim, Director of Whitecap Resources Inc., purchased 15,000 shares at an average cost of C$10.60 per share, increasing his total ownership to 3,220,745 shares valued at approximately C$34.14 million.
• The company announced a $0.0608 dividend to be paid on October 15th, with a payout ratio of 49.97%.
• Analysts have raised their price targets for Whitecap Resources, with recent upgrades from Raymond James and Scotiabank reflecting increased optimism, resulting in an average price target of C$13.86.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim purchased 15,000 shares of Whitecap Resources stock in a transaction on Friday, October 10th. The stock was bought at an average cost of C$10.60 per share, with a total value of C$159,000.00. Following the transaction, the director directly owned 3,220,745 shares of the company's stock, valued at approximately C$34,139,897. The trade was a 0.47% increase in their ownership of the stock.

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

• On Wednesday, September 3rd, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.32 per share, for a total transaction of C$51,600.00.
• On Wednesday, July 30th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.71 per share, for a total transaction of C$53,550.00.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock traded down C$0.21 during trading on Friday, reaching C$10.60. The company's stock had a trading volume of 5,395,964 shares, compared to its average volume of 6,109,641. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The business's fifty day moving average price is C$10.47 and its 200-day moving average price is C$9.42. The firm has a market cap of C$13.06 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of -0.33 and a beta of 0.66. Whitecap Resources Inc. has a one year low of C$6.87 and a one year high of C$11.30.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.0608 dividend. Whitecap Resources's payout ratio is presently 49.97%.

Analyst Ratings Changes

WCP has been the topic of a number of recent analyst reports. Raymond James Financial lifted their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. Scotiabank boosted their price target on Whitecap Resources from C$12.00 to C$14.00 and gave the company a "sector perform" rating in a research note on Thursday. Finally, Desjardins upgraded Whitecap Resources from a "hold" rating to a "buy" rating and boosted their price target for the company from C$12.00 to C$12.50 in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Whitecap Resources presently has an average rating of "Buy" and an average price target of C$13.86.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets.

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