Whitecap Resources (TSE:WCP) Stock: Insider Grant Bradley Fagerheim Purchases 10,000 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were bought at an average cost of C$18.73 per share, with a total value of C$187,300.00. Following the transaction, the director directly owned 3,308,099 shares of the company’s stock, valued at C$61,960,694.27. This represents a 0.30% increase in their position.

Whitecap Resources Trading Down 6.1%

Shares of TSE WCP traded down C$1.19 during midday trading on Monday, reaching C$18.43. 6,473,235 shares of the stock were exchanged, compared to its average volume of 6,173,192. The stock has a 50 day moving average price of C$18.74 and a 200-day moving average price of C$15.91. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. The company has a market capitalization of C$22.42 billion, a P/E ratio of 14.51, a P/E/G ratio of -0.33 and a beta of 0.29. Whitecap Resources Inc. has a 52-week low of C$10.18 and a 52-week high of C$20.79.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share for the quarter. The firm had revenue of C$2.14 billion for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. Equities research analysts expect that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

WCP has been the topic of several research reports. Royal Bank Of Canada raised their price objective on Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. TD upped their target price on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. National Bank Financial increased their target price on Whitecap Resources from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, October 20th. Canaccord Genuity Group raised their target price on Whitecap Resources from C$23.00 to C$23.50 and gave the company a “buy” rating in a report on Thursday. Finally, ATB Cormark Capital Markets boosted their price target on Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$20.50.

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.