Grant Bradley Fagerheim Acquires 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average cost of C$7.61 per share, with a total value of C$76,100.00.

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

• On Friday, May 9th, Grant Bradley Fagerheim bought 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 Wednesday, April 9th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$7.17 per share, with a total value of C$71,700.00.
• On Friday, April 4th, Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock. The stock was 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 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 bought 10,000 shares of Whitecap Resources stock. The shares were purchased 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 acquired 30,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Trading Up 1.0 %

Shares of WCP traded up C$0.08 during trading hours on Friday, hitting C$8.04. The company had a trading volume of 12,145,701 shares, compared to its average volume of 4,662,790. The firm has a market cap of C$4.69 billion, a P/E ratio of 5.42, a P/E/G ratio of -0.33 and a beta of 2.67. 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 quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The stock's 50 day moving average price is C$8.38 and its 200 day moving average price is C$9.49.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a $0.0608 dividend. This represents a yield of 8.97%. The ex-dividend date of this dividend is Wednesday, April 30th. Whitecap Resources's dividend payout ratio (DPR) is currently 49.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Desjardins reduced their price objective on Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. Raymond James raised Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price objective for the company in a report on Tuesday, March 11th. CIBC lowered their price objective on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Finally, National Bankshares cut their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$13.06.

Whitecap Resources Company Profile

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.