Whitecap Resources Inc. (TSE:WCP) Director Buys C$87,200.00 in Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were bought at an average cost of C$8.72 per share, for a total transaction of C$87,200.00.

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

• On Tuesday, May 20th, Grant Bradley Fagerheim purchased 8,500 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.55 per share, for a total transaction of C$72,675.00.
• On Friday, May 9th, Grant Bradley Fagerheim acquired 15,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$8.06 per share, with a total value of C$120,900.00.
• On Monday, May 5th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$7.61 per share, with a total value of C$76,100.00.
• On Wednesday, April 9th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$7.17 per share, with a total value of C$71,700.00.
• On Friday, April 4th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$7.60 per share, for a total transaction of C$38,000.00.
• On Thursday, March 27th, Grant Bradley Fagerheim bought 11,200 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$9.39 per share, for a total transaction of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$9.38 per share, for a total transaction of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Price Performance

Whitecap Resources stock traded up C$0.01 during midday trading on Friday, reaching C$8.69. The company's stock had a trading volume of 4,731,069 shares, compared to its average volume of 6,093,887. 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 current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The business has a 50-day moving average price of C$8.23 and a 200-day moving average price of C$9.24. The stock has a market cap of C$5.07 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on WCP shares. Desjardins cut Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research note on Tuesday. National Bankshares upped their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. National Bank Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a research note on Monday, May 12th. Raymond James upped their price target 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, CIBC cut their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.