Whitecap Resources (TSE:WCP) Insider Purchases C$49,260.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The stock was purchased at an average price of C$16.42 per share, with a total value of C$49,260.00. Following the completion of the purchase, the insider owned 227,204 shares in the company, valued at approximately C$3,730,689.68. This trade represents a 1.34% increase in their ownership of the stock.

Travis Bjarne Tweit also recently made the following trade(s):

• On Friday, May 22nd, Travis Bjarne Tweit purchased 3,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$16.92 per share, for a total transaction of C$50,760.00.

Whitecap Resources Stock Down 2.3%

WCP stock opened at C$15.91 on Thursday. The firm has a market cap of C$19.34 billion, a PE ratio of 21.79, a P/E/G ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. The firm’s fifty day moving average is C$15.38 and its 200 day moving average is C$13.29. Whitecap Resources Inc. has a one year low of C$8.40 and a one year high of C$17.33.

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

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Analyst Upgrades and Downgrades

WCP has been the topic of several analyst reports. Raymond James Financial raised their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Scotia raised their price target on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. Canaccord Genuity Group increased their target price on Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Desjardins increased their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, ATB Cormark Capital Markets increased their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$17.00.

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.