Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Purchases 10,000 Shares

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 10,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were acquired at an average price 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 Wednesday, April 9th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were purchased 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 stock was acquired at an average cost of C$7.60 per share, for a total transaction 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 price of C$9.39 per share, for a total transaction of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The stock was 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 purchased 30,000 shares of Whitecap Resources stock. The stock was bought at an average price of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Price Performance

WCP traded up C$0.17 during trading hours on Thursday, hitting C$7.92. The company's stock had a trading volume of 1,189,063 shares, compared to its average volume of 4,524,787. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources Inc. has a 12 month low of C$6.87 and a 12 month high of C$11.31. The business's 50-day moving average price is C$8.43 and its 200-day moving average price is C$9.52. The stock has a market cap of C$4.62 billion, a price-to-earnings ratio of 5.34, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.0608 per share. 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 49.25%.

Wall Street Analysts Forecast Growth

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