Whitecap Resources Inc (TSE:WCP) Director Grant Bradley Fagerheim Purchases 5,000 Shares

Whitecap Resources Inc (TSE:WCP) Director Grant Bradley Fagerheim acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average cost of C$5.54 per share, for a total transaction of C$27,699.00. Following the completion of the transaction, the director now directly owns 682,925 shares of the company’s stock, valued at C$3,783,267.92.

WCP traded down C$0.07 on Friday, hitting C$5.20. 1,602,800 shares of the company’s stock traded hands, compared to its average volume of 2,534,890. The company has a market capitalization of $2.15 billion and a PE ratio of 120.93. Whitecap Resources Inc has a one year low of C$3.80 and a one year high of C$10.36. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 42.76.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Thursday, February 28th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$272.40 million for the quarter. Equities research analysts predict that Whitecap Resources Inc will post 0.449999962573389 earnings per share for the current year.

A number of research analysts have weighed in on the company. Raymond James reaffirmed a “strong-buy” rating and issued a C$8.50 price objective on shares of Whitecap Resources in a research note on Thursday, May 2nd. National Bank Financial raised their price objective on Whitecap Resources from C$8.00 to C$9.50 in a research note on Monday, April 8th. Finally, Haywood Securities decreased their price objective on Whitecap Resources from C$10.50 to C$9.00 in a research note on Thursday, January 17th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$10.63.

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About Whitecap Resources

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

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