Whitecap Resources (TSE:WCP) Director Acquires C$51,600.00 in Stock

Key Points

• Grant Bradley Fagerheim, a director at Whitecap Resources, recently purchased 5,000 shares of the company for a total of C$51,600, increasing his ownership to over 3.19 million shares.
• Whitecap Resources announced a dividend of $0.0608 per share, to be paid on October 15th to shareholders recorded by September 30th.
• Analyst ratings for Whitecap Resources have improved, with ratings from Desjardins and Raymond James upgrading the stock to "buy" and "strong-buy" respectively, and an average price target of C$13.57.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 5,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were bought at an average price of C$10.32 per share, with a total value of C$51,600.00. Following the purchase, the director owned 3,195,745 shares in the company, valued at C$32,980,088.40. The trade was a 0.16% increase in their position.

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

• On Wednesday, July 30th, Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$10.71 per share, for a total transaction of C$53,550.00.
• On Thursday, July 10th, Grant Bradley Fagerheim bought 15,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$9.43 per share, with a total value of C$141,450.00.

Whitecap Resources Stock Performance

WCP traded down C$0.11 on Friday, hitting C$10.83. The company's stock had a trading volume of 24,032,054 shares, compared to its average volume of 6,161,523. The company's 50 day simple moving average is C$10.28 and its 200-day simple moving average is C$9.23. The company has a quick ratio of 0.67, a current ratio of 0.88 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 firm has a market cap of C$13.34 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of -0.33 and a beta of 0.74.

Whitecap Resources Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.0608 per share. Whitecap Resources's dividend payout ratio (DPR) is presently 49.97%.

Analyst Upgrades and Downgrades

WCP has been the subject of a number of recent research reports. Desjardins raised Whitecap Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$12.00 to C$12.50 in a report on Tuesday, August 26th. Raymond James Financial raised their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, Whitecap Resources has an average rating of "Buy" and a consensus price target of C$13.57.

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.

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