Grant Bradley Fagerheim Acquires 5,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock in a transaction on Friday, April 5th. The shares were purchased at an average price of C$10.58 per share, for a total transaction of C$52,900.00.

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

• On Monday, February 5th, Grant Bradley Fagerheim acquired 3,723 shares of Whitecap Resources stock. The shares were purchased at an average price of C$8.17 per share, for a total transaction of C$30,416.91.

Whitecap Resources Stock Up 0.3 %

Shares of TSE WCP opened at C$10.56 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25. The stock has a market capitalization of C$6.31 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. The stock’s fifty day simple moving average is C$9.44 and its two-hundred day simple moving average is C$9.72. Whitecap Resources Inc. has a 12-month low of C$8.15 and a 12-month high of C$11.91.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.19. The firm had revenue of C$914.10 million during the quarter. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. As a group, analysts expect that Whitecap Resources Inc. will post 1.2409201 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a $0.061 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.93%. Whitecap Resources’s payout ratio is 44.52%.

Analysts Set New Price Targets

WCP has been the topic of several research reports. Desjardins raised their price objective on Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. CIBC reduced their price objective on Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Raymond James reduced their price objective on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a report on Friday, January 19th. BMO Capital Markets set a C$13.00 target price on Whitecap Resources and gave the company an “outperform” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group set a C$11.00 target price on Whitecap Resources and gave the company a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Whitecap Resources has an average rating of “Buy” and an average target price of C$13.35.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.