Whitecap Resources (TSE:WCP) Director Buys C$86,650.00 in Stock

Key Points

• Whitecap Resources director Grant Bradley Fagerheim bought 5,000 shares for C$86,650 at C$17.33 each, raising his holdings to about 3.32 million shares. He had also purchased 10,000 shares earlier in the week.
• Whitecap shares fell 3.3% to C$16.91 during Thursday trading, despite analysts’ generally bullish stance: the consensus rating was “Buy” with a C$20.50 price target.
• The company reported quarterly earnings of C$0.27 per share and revenue of C$2.14 billion; analysts expect full-year EPS of C$1.12.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 5,000 shares of the firm's stock in a transaction dated Thursday, November 5th. The stock was acquired at an average cost of C$17.33 per share, with a total value of C$86,650.00. Following the transaction, the director owned 3,318,099 shares of the company's stock, valued at C$57,502,655.67. This trade represents a 0.15% increase in their ownership of the stock.

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

• On Monday, November 2nd, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$18.73 per share, for a total transaction of C$187,300.00.

Whitecap Resources Stock Down 3.3%

TSE:WCP traded down C$0.57 during trading hours on Thursday, hitting C$16.91. 5,981,202 shares of the company's stock traded hands, compared to its average volume of 6,223,348. The stock's fifty day moving average price is C$18.76 and its two-hundred day moving average price is C$16.01. The firm has a market cap of C$20.57 billion, a P/E ratio of 13.31, a P/E/G ratio of -0.33 and a beta of 0.29. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. Whitecap Resources Inc. has a twelve month low of C$10.32 and a twelve month high of C$20.79.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$0.27 EPS for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. The firm had revenue of C$2.14 billion during the quarter. On average, research analysts expect that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on WCP shares. Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Wednesday, October 21st. National Bank Financial upped their price objective on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research note on Tuesday, October 20th. Canaccord Genuity Group increased their target price on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a "buy" rating in a research report on Thursday, October 29th. ATB Cormark Capital Markets lifted their target price on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the company an "outperform" rating in a research note on Thursday, October 22nd. Finally, Desjardins lifted their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the company a "buy" rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, Whitecap Resources has an average rating of "Buy" and a consensus price target of C$20.50.

About Whitecap Resources

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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