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

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 5,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of C$16.30 per share, with a total value of C$81,500.00. Following the transaction, the director owned 3,287,599 shares in the company, valued at approximately C$53,587,863.70. The trade was a 0.15% increase in their position.

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 value of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$6,830.00.

Whitecap Resources Stock Performance

Shares of TSE WCP opened at C$16.34 on Friday. The stock has a market cap of C$19.86 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of -0.33 and a beta of 0.14. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 33.01. Whitecap Resources Inc. has a 1-year low of C$8.88 and a 1-year high of C$17.34. The stock’s 50-day moving average is C$15.75 and its 200 day moving average is C$13.73.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$1.84 billion for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. On average, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WCP shares. Desjardins raised their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. TD raised their price objective on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Scotiabank raised Whitecap Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Finally, Canaccord Genuity Group lifted their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$17.00.

About Whitecap Resources

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.