Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall Acquires 11,500 Shares

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

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

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

Whitecap Resources Stock Performance

Whitecap Resources stock remained flat at C$8.68 during mid-day trading on Tuesday. 5,703,765 shares of the company's stock traded hands, compared to its average volume of 6,108,626. The firm has a market capitalization of C$5.07 billion, a PE ratio of 5.86, a P/E/G ratio of -0.33 and a beta of 2.67. The business has a fifty day moving average price of C$8.28 and a 200 day moving average price of C$9.28. Whitecap Resources Inc. has a 52-week low of C$6.87 and a 52-week high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. National Bankshares lifted their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. CIBC reduced their target price on Whitecap Resources from C$14.50 to C$13.00 in a report on Thursday, April 10th. Raymond James lifted their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Desjardins reduced their price objective on Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price objective on the stock in a research note on Thursday, May 22nd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.