Whitecap Resources (TSE:WCP) Insider Travis Bjarne Tweit Acquires 3,000 Shares

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of C$15.48 per share, for a total transaction of C$46,440.00. Following the acquisition, the insider owned 230,204 shares in the company, valued at C$3,563,557.92. The trade was a 1.32% increase in their ownership of the stock.

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

• On Monday, May 25th, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$16.42 per share, for a total transaction of C$49,260.00.
• On Friday, May 22nd, Travis Bjarne Tweit acquired 3,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$16.92 per share, with a total value of C$50,760.00.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock traded down C$0.32 on Monday, reaching C$16.02. 4,684,507 shares of the company were exchanged, compared to its average volume of 6,658,038. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. The firm has a market cap of C$19.47 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of -0.33 and a beta of 0.14. Whitecap Resources Inc. has a 1-year low of C$8.88 and a 1-year high of C$17.34. The company’s 50-day moving average is C$15.75 and its two-hundred day moving average is C$13.74.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 EPS 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%. As a group, research analysts expect that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Securities increased their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada upped their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group lifted their target price on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Scotiabank raised shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, ATB Cormark Capital Markets raised their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, Whitecap Resources has an average rating of “Buy” and an average target price of C$17.00.

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.