Whitecap Resources (TSE:WCP) Director Sells C$68,800.00 in Stock

Key Points

• Director Grant Bradley Fagerheim sold 5,000 shares on April 17 at an average of C$13.76 for C$68,800 and also disposed of an additional 1,100 shares the same day, trimming his stake by 0.15% to 3,278,099 shares valued at C$45.11M.
• Whitecap declared a monthly dividend of C$0.0608 per share (ex-dividend April 30, payable May 15), implying a 5.2% yield with a dividend payout ratio of 73.7%.
• The stock fell about C$0.62 (≈4.3%) to C$13.91 on above-average volume, while analysts maintain a consensus Buy rating and a C$15.50 price target.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the completion of the transaction, the director owned 3,278,099 shares of the company's stock, valued at C$45,106,642.24. This represents a 0.15% decrease in their ownership of the stock.

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

• On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total transaction of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total transaction of C$6,830.00.

Whitecap Resources Trading Down 4.3%

Whitecap Resources stock traded down C$0.62 during mid-day trading on Friday, hitting C$13.91. The company's stock had a trading volume of 7,271,214 shares, compared to its average volume of 6,927,266. The stock has a market cap of C$16.89 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of -0.33 and a beta of 0.27. The business has a 50 day moving average price of C$14.15 and a 200-day moving average price of C$12.27. The company has a debt-to-equity ratio of 40.03, a current ratio of 0.68 and a quick ratio of 0.67. Whitecap Resources Inc. has a 12 month low of C$7.55 and a 12 month high of C$16.03.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$1.51 billion for the quarter. Whitecap Resources had a net margin of 18.38% and a return on equity of 10.14%. As a group, analysts forecast that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.0608 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.2%. Whitecap Resources's dividend payout ratio (DPR) is presently 73.70%.

Analyst Upgrades and Downgrades

WCP has been the subject of several research reports. Scotiabank upgraded shares of Whitecap Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 19th. TD Securities raised their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Desjardins raised their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. BMO Capital Markets raised their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a report on Tuesday, February 24th. Finally, Raymond James Financial lowered shares of Whitecap Resources from a "strong-buy" rating to a "moderate buy" rating and raised their target price for the stock from C$15.00 to C$16.00 in a report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat, Whitecap Resources has a consensus rating of "Buy" and a consensus price target of C$15.50.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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