Grant Bradley Fagerheim Buys 10,200 Shares of Whitecap Resources Inc. (WCP) Stock

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.

Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

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