Whitecap Resources Inc. (TSE:WCP) Director Buys C$141,450.00 in Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 15,000 shares of the stock in a transaction on Thursday, July 10th. The shares were acquired at an average cost of C$9.43 per share, for a total transaction of C$141,450.00.

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

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

Whitecap Resources Price Performance

Shares of WCP traded up C$0.16 on Friday, hitting C$9.63. The company's stock had a trading volume of 6,544,603 shares, compared to its average volume of 6,149,928. The company has a 50 day moving average price of C$8.88 and a 200 day moving average price of C$9.11. Whitecap Resources Inc. has a fifty-two week low of C$6.87 and a fifty-two week 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 company has a market capitalization of C$5.62 billion, a PE ratio of 6.50, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company 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 dividend payout ratio is 49.25%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WCP shares. Scotiabank raised Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target on the stock in a research report on Thursday, May 22nd. National Bankshares raised their price target 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 raised Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. Raymond James Financial raised Whitecap Resources from a "moderate buy" rating to a "strong-buy" rating and lifted their target price for the stock from C$12.00 to C$13.00 in a research report on Thursday, July 3rd. Finally, CIBC decreased their target price on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Whitecap Resources currently has an average rating of "Buy" and a consensus price target 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.