Whitecap Resources (TSE:WCP) Insider Acquires C$50,760.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit bought 3,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of C$16.92 per share, with a total value of C$50,760.00. Following the acquisition, the insider directly owned 224,204 shares in the company, valued at approximately C$3,793,531.68. This trade represents a 1.36% increase in their position.

Whitecap Resources Trading Up 0.4%

TSE WCP traded up C$0.06 during mid-day trading on Friday, hitting C$16.85. The company’s stock had a trading volume of 2,519,519 shares, compared to its average volume of 6,724,402. The firm has a market capitalization of C$20.45 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. Whitecap Resources Inc. has a 52-week low of C$8.39 and a 52-week high of C$17.33. The stock’s fifty day simple moving average is C$15.22 and its two-hundred day simple moving average is C$13.13.

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

Whitecap Resources Dividend Announcement

The firm 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) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources’s dividend payout ratio is 99.95%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WCP. TD increased their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. ATB Cormark Capital Markets upped their price target on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Scotia increased their price objective 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. Desjardins lifted their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Canaccord Genuity Group boosted their target price on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat, Whitecap Resources presently has an average rating of “Buy” and an average price target of C$16.73.

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.