Insider Selling: Whitecap Resources Inc. (TSE:WCP) Insider Sells 619,983 Shares of Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Whitecap Resources Inc. sold 619,983 shares of Whitecap Resources stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total transaction of C$5,406,251.76.

Whitecap Resources Stock Up 2.2 %

Shares of WCP traded up C$0.17 during trading hours on Thursday, hitting C$7.92. The stock had a trading volume of 1,189,063 shares, compared to its average volume of 4,524,787. The firm has a 50 day simple moving average of C$8.43 and a 200-day simple moving average of C$9.52. Whitecap Resources Inc. has a 1-year low of C$6.87 and a 1-year 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 firm has a market capitalization of C$4.62 billion, a P/E ratio of 5.34, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be issued a $0.0608 dividend. This represents a dividend yield of 8.97%. The ex-dividend date of this dividend is Wednesday, April 30th. Whitecap Resources's dividend payout ratio is currently 49.25%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Desjardins lowered their price objective on Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. CIBC dropped their price target on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. National Bankshares reduced their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James raised shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 target price for the company in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Whitecap Resources currently has an average rating of "Buy" and an average target price of C$13.06.

Whitecap Resources Company Profile

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.