Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,200 shares of the stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of C$8.91 per share, with a total value of C$90,882.00.
Shares of Whitecap Resources Inc. (TSE WCP) traded down C$0.20 on Thursday, hitting C$8.64. 1,452,245 shares of the company’s stock were exchanged, compared to its average volume of 1,358,427. Whitecap Resources Inc. has a 52 week low of C$8.42 and a 52 week high of C$12.90.
The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.19%. Whitecap Resources’s dividend payout ratio (DPR) is presently 34.95%.
WCP has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. TD Securities lifted their target price on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday. CIBC reiterated an “outperform” rating and issued a C$12.50 price target on shares of Whitecap Resources in a report on Tuesday. Finally, Raymond James Financial lifted their price target on shares of Whitecap Resources from C$13.25 to C$14.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$13.10.
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Whitecap Resources Company Profile
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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