Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Acquires 15,000 Shares

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim purchased 15,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was purchased at an average price of C$9.43 per share, with a total value of C$141,450.00.

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

• On Wednesday, June 4th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.72 per share, for a total transaction of C$87,200.00.
• On Tuesday, May 20th, Grant Bradley Fagerheim purchased 8,500 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.55 per share, for a total transaction of C$72,675.00.
• On Friday, May 9th, Grant Bradley Fagerheim purchased 15,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.06 per share, for a total transaction of C$120,900.00.
• On Monday, May 5th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$7.61 per share, for a total transaction of C$76,100.00.

Whitecap Resources Price Performance

TSE WCP traded up C$0.16 during mid-day trading on Friday, hitting C$9.63. The stock had a trading volume of 6,544,603 shares, compared to its average volume of 6,149,928. The firm's 50 day moving average is C$8.84 and its 200 day moving average is C$9.12. Whitecap Resources Inc. has a twelve month low of C$6.87 and a twelve month high of C$11.31. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The stock has a market capitalization of C$5.62 billion, a price-to-earnings ratio of 6.50, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.0608 per share. Whitecap Resources's payout ratio is currently 49.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. National Bankshares upped their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. National Bank Financial upgraded Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. Desjardins lowered Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. Raymond James Financial raised Whitecap Resources from a "moderate buy" rating to a "strong-buy" rating and boosted their price target for the company from C$12.00 to C$13.00 in a report on Thursday, July 3rd. Finally, Scotiabank raised Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target for the company in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Whitecap Resources presently has a consensus rating of "Buy" and an average target price of C$13.00.

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.