Bradley John Wall Purchases 11,500 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Bradley John Wall purchased 11,500 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average price of C$8.77 per share, for a total transaction of C$100,855.00.

Bradley John Wall also recently made the following trade(s):

• On Wednesday, March 19th, Bradley John Wall acquired 2,200 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$9.24 per share, with a total value of C$20,328.00.

Whitecap Resources Trading Down 3.9%

TSE:WCP traded down C$0.34 during trading hours on Friday, hitting C$8.42. 33,732,836 shares of the stock were exchanged, compared to its average volume of 5,837,996. The company has a market capitalization of C$4.92 billion, a P/E ratio of 5.68, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The company's 50 day moving average is C$8.29 and its two-hundred day moving average is C$9.30. Whitecap Resources Inc. has a twelve month low of C$6.87 and a twelve month high of C$11.31.

Whitecap Resources Dividend Announcement

The company also recently declared a apr 25 dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.0608 per share. This represents a dividend yield of 8.97%. The ex-dividend date was Wednesday, April 30th. Whitecap Resources's dividend payout ratio (DPR) is presently 49.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 target price for the company in a research report on Thursday, May 22nd. National Bank Financial raised Whitecap Resources to a "strong-buy" rating in a report on Monday, May 12th. CIBC lowered their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a report on Thursday, April 10th. Raymond James increased their target price on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Desjardins reduced their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$12.88.

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.