Insider Buying: Whitecap Resources Inc. (WCP) Insider Buys C$42,300.00 in Stock
Whitecap Resources Inc. (TSE:WCP) insider Jeffery Byron Zdunich bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of C$8.46 per share, with a total value of C$42,300.00.
Jeffery Byron Zdunich also recently made the following trade(s):
- On Thursday, June 15th, Jeffery Byron Zdunich bought 5,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$9.12 per share, with a total value of C$45,600.00.
Shares of Whitecap Resources Inc. (TSE:WCP) traded down 0.67% during midday trading on Friday, hitting $8.92. 127,315 shares of the company were exchanged. The stock has a market capitalization of $3.30 billion and a price-to-earnings ratio of 10.94. Whitecap Resources Inc. has a 52-week low of $8.66 and a 52-week high of $12.90. The company has a 50-day moving average price of $9.12 and a 200-day moving average price of $9.71.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, August 29th.
A number of equities research analysts have recently issued reports on the stock. Barclays PLC dropped their target price on shares of Whitecap Resources from C$13.00 to C$10.00 in a report on Monday, July 24th. Royal Bank Of Canada dropped their price objective on shares of Whitecap Resources from C$15.00 to C$12.00 in a report on Thursday, July 20th. TD Securities reissued a “buy” rating and issued a C$14.00 price objective on shares of Whitecap Resources in a report on Thursday, May 4th. Scotiabank reissued an “outperform” rating and issued a C$15.00 price objective on shares of Whitecap Resources in a report on Thursday, May 4th. Finally, National Bank Financial dropped their price objective on shares of Whitecap Resources from C$13.50 to C$12.00 in a report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Whitecap Resources currently has an average rating of “Buy” and an average price target of C$13.66.
About Whitecap Resources
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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