Whitecap Resources Inc. (TSE:WCP) Director Purchases C$20,328.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall bought 2,200 shares of Whitecap Resources stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of C$9.24 per share, for a total transaction of C$20,328.00.

Whitecap Resources Stock Up 2.1 %

Shares of WCP stock traded up C$0.19 during trading on Wednesday, reaching C$9.20. The company’s stock had a trading volume of 3,301,082 shares, compared to its average volume of 3,459,754. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The company has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 6.21, a P/E/G ratio of -0.33 and a beta of 2.67. The stock’s 50-day moving average price is C$9.68 and its 200 day moving average price is C$10.05. Whitecap Resources Inc. has a 1-year low of C$7.88 and a 1-year high of C$11.31.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is currently 49.25%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WCP. Desjardins dropped their price target on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. National Bankshares dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a research report on Tuesday, March 11th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$13.52.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.