Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Buys 5,000 Shares

Key Points

• Whitecap Resources Inc. Director Grant Bradley Fagerheim purchased 5,000 shares of the company's stock for a total of C$53,550 at an average price of C$10.71 per share.
• The company announced a dividend of $0.0608 per share, payable on August 15th, which represents a 7.54% dividend yield.
• Analysts have mixed opinions on the stock, with a consensus rating of "Buy" and a price target of C$13.13, while recent reports show price objectives being lowered and raised by various financial institutions.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was acquired at an average price of C$10.71 per share, for a total transaction of C$53,550.00.

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

• On Thursday, July 10th, Grant Bradley Fagerheim bought 15,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$9.43 per share, with a total value of C$141,450.00.
• On Wednesday, June 4th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$8.72 per share, with a total value of C$87,200.00.
• On Tuesday, May 20th, Grant Bradley Fagerheim bought 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 bought 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 bought 10,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$7.61 per share, with a total value of C$76,100.00.

Whitecap Resources Stock Down 1.4%

TSE WCP traded down C$0.15 on Friday, reaching C$10.31. The company had a trading volume of 6,908,027 shares, compared to its average volume of 6,231,609. The firm has a market capitalization of C$6.02 billion, a PE ratio of 6.96, a P/E/G 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. The firm has a 50-day moving average of C$9.44 and a 200-day moving average of C$9.10. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources Dividend Announcement

The business also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.0608 dividend. This represents a yield of 754.0%. The ex-dividend date is Thursday, July 31st. Whitecap Resources's dividend payout ratio is currently 49.25%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WCP. National Bankshares upped their price objective on shares of 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. CIBC dropped their price objective on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Raymond James Financial upped their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. Scotiabank raised shares of Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price objective for the company in a research note on Thursday, May 22nd. Finally, Desjardins downgraded shares of Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of "Buy" and an average price target of C$13.13.

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.