Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Buys 10,000 Shares of Stock

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

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

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

Whitecap Resources Price Performance

WCP traded up C$0.01 during trading on Friday, reaching C$8.69. The stock had a trading volume of 4,731,069 shares, compared to its average volume of 6,093,887. The stock has a 50 day moving average of C$8.24 and a two-hundred day moving average of C$9.26. 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 firm has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1-year low of C$6.87 and a 1-year high of C$11.31.

Whitecap Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Raymond James lifted 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 report on Thursday, May 22nd. National Bankshares boosted their price target 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. Scotiabank raised Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target on the stock in a research note on Thursday, May 22nd. CIBC lowered their price objective on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Finally, Desjardins lowered Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average 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.