Whitecap Resources (TSE:WCP) Stock: Insider Grant Bradley Fagerheim Acquires 10,000 Shares

Key Points

• Insider buying: Director Grant Bradley Fagerheim purchased 10,000 Whitecap Resources shares at an average C$18.73, investing C$187,300 and increasing his holdings to 3,308,099 shares.
• Stock performance: Whitecap shares fell 6.1% to C$18.43, despite trading volume slightly above average. The stock remains well above its 52-week low of C$10.18 and below its high of C$20.79.
• Analyst outlook: Multiple firms recently raised their price targets, and analysts maintain a consensus “Buy” rating with an average target of C$20.50.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were bought at an average cost of C$18.73 per share, with a total value of C$187,300.00. Following the completion of the transaction, the director owned 3,308,099 shares of the company's stock, valued at approximately C$61,960,694.27. This represents a 0.30% increase in their position.

Whitecap Resources Stock Down 6.1%

TSE WCP traded down C$1.19 during trading on Monday, reaching C$18.43. 6,473,235 shares of the company's stock were exchanged, compared to its average volume of 6,173,192. The stock has a market cap of C$22.42 billion, a P/E ratio of 14.51, a price-to-earnings-growth 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. The company has a 50 day moving average price of C$18.74 and a two-hundred day moving average price of C$15.91. Whitecap Resources Inc. has a 1 year low of C$10.18 and a 1 year high of C$20.79.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on WCP. Desjardins upped their price target on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Tuesday, October 20th. Canaccord Genuity Group boosted their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the company a "buy" rating in a research note on Thursday. National Bank Financial upped their price objective on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 20th. TD upped their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research report on Friday, September 11th. Finally, Royal Bank Of Canada raised their target price on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Whitecap Resources presently has a consensus rating of "Buy" and an average price target of C$20.50.

Whitecap Resources Company Profile

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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