Whitecap Resources (TSE:WCP) Director Grant Bradley Fagerheim Buys 5,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 5,000 shares of the stock in a transaction on Thursday, November 5th. The stock was acquired at an average price of C$17.33 per share, with a total value of C$86,650.00. Following the acquisition, the director directly owned 3,318,099 shares in the company, valued at C$57,502,655.67. This trade represents a 0.15% increase in their ownership of the stock.

Grant Bradley Fagerheim also recently made the following trade(s):

• On Monday, November 2nd, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$18.73 per share, with a total value of C$187,300.00.

Whitecap Resources Trading Down 4.5%

Shares of WCP stock opened at C$16.70 on Friday. The firm has a market cap of C$20.32 billion, a P/E ratio of 13.15, a PEG ratio of -0.33 and a beta of 0.21. Whitecap Resources Inc. has a 1-year low of C$10.32 and a 1-year high of C$20.79. The company has a debt-to-equity ratio of 23.99, a current ratio of 0.60 and a quick ratio of 0.67. The firm’s 50-day simple moving average is C$18.73 and its 200-day simple moving average is C$16.04.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. The firm had revenue of C$2.14 billion during the quarter. As a group, equities analysts forecast that Whitecap Resources Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD upped their price objective on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Friday, September 11th. National Bank Financial lifted their target price on Whitecap Resources from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Tuesday, October 20th. Canaccord Genuity Group boosted their price target on Whitecap Resources from C$23.00 to C$23.50 and gave the company a “buy” rating in a research report on Thursday, October 29th. Desjardins upped their price target on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Finally, Royal Bank Of Canada upped their price target on Whitecap Resources from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$20.50.

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.