Whitecap Resources (TSE:WCP) Insider Acquires C$46,440.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of C$15.48 per share, for a total transaction of C$46,440.00. Following the completion of the acquisition, the insider directly owned 230,204 shares in the company, valued at approximately C$3,563,557.92. This represents a 1.32% increase in their ownership of the stock.

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

• On Monday, May 25th, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$16.42 per share, for a total transaction of C$49,260.00.
• On Friday, May 22nd, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$16.92 per share, for a total transaction of C$50,760.00.

Whitecap Resources Stock Down 0.7%

TSE WCP opened at C$15.84 on Thursday. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. The company’s 50 day simple moving average is C$15.81 and its 200 day simple moving average is C$13.84. Whitecap Resources Inc. has a 12 month low of C$8.88 and a 12 month high of C$17.34. The company has a market capitalization of C$19.25 billion, a P/E ratio of 21.70, a PEG ratio of -0.33 and a beta of 0.14.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) 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%. Equities research analysts expect that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.0608 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. Whitecap Resources’s payout ratio is 99.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. ATB Cormark Capital Markets boosted their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Canaccord Genuity Group boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a report on Tuesday, February 24th. TD Securities boosted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Finally, TD boosted their price target on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three equities research 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.com, Whitecap Resources currently has a consensus rating of “Buy” and a consensus target price 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.