Whitecap Resources (TSE:WCP) Insider Acquires C$49,260.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit purchased 3,000 shares of the stock in a transaction on Monday, May 25th. The shares were purchased at an average price of C$16.42 per share, with a total value of C$49,260.00. Following the acquisition, the insider directly owned 227,204 shares in the company, valued at C$3,730,689.68. This represents a 1.34% increase in their ownership of the stock.

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

• On Friday, May 22nd, Travis Bjarne Tweit purchased 3,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$16.92 per share, with a total value of C$50,760.00.

Whitecap Resources Stock Down 3.8%

TSE WCP traded down C$0.64 on Monday, hitting C$16.15. 3,616,212 shares of the stock were exchanged, compared to its average volume of 6,720,501. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources Inc. has a fifty-two week low of C$8.40 and a fifty-two week high of C$17.33. The company has a market cap of C$19.63 billion, a PE ratio of 22.12, a PEG ratio of -0.33 and a beta of 0.38. The company has a 50-day moving average price of C$15.28 and a 200-day moving average price of C$13.17.

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

Whitecap Resources Announces Dividend

The business also recently disclosed 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. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s payout ratio is currently 99.95%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WCP. Royal Bank Of Canada boosted their price objective on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Scotia upped their price target 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. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. TD Securities upped 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 research report on Tuesday, February 24th. Finally, ATB Cormark Capital Markets upped their price target on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$16.73.

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.