Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 22,300 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of C$7.60 per share, with a total value of C$169,480.00.
Grant Bradley Fagerheim also recently made the following trade(s):
Whitecap Resources Inc. (TSE WCP) opened at C$7.73 on Wednesday. The firm has a market capitalization of $3,230.00, a price-to-earnings ratio of -24.16 and a beta of 1.05. Whitecap Resources Inc. has a 12 month low of C$7.40 and a 12 month high of C$11.10.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.0257 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, February 27th. Whitecap Resources’s dividend payout ratio (DPR) is currently -87.75%.
Several brokerages recently commented on WCP. TD Securities boosted their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. National Bank Financial boosted their price target on Whitecap Resources from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. GMP Securities dropped their price target on Whitecap Resources from C$13.75 to C$13.25 in a research report on Thursday, March 1st. BMO Capital Markets boosted their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th. Finally, CIBC reiterated an “outperform” rating and set a C$12.50 price target on shares of Whitecap Resources in a research report on Tuesday, December 5th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$13.08.
Whitecap Resources Company Profile
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.