Whitecap Resources Inc. (WCP) Insider Sells C$219,837.59 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Jeffery Byron Zdunich sold 25,067 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of C$8.77, for a total value of C$219,837.59.

Whitecap Resources Inc. (TSE:WCP) opened at C$7.93 on Monday. Whitecap Resources Inc. has a 12-month low of C$7.72 and a 12-month high of C$11.48. The company has a market capitalization of $3,310.00, a P/E ratio of 9.91 and a beta of 0.93.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be paid a $0.0257 dividend. This is a boost from Whitecap Resources’s previous monthly dividend of $0.02. This represents a $0.31 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Tuesday, January 30th. Whitecap Resources’s payout ratio is 34.95%.

A number of equities analysts have weighed in on WCP shares. National Bank Financial boosted their price target on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Needham & Company LLC reissued an “outperform” rating and set a C$13.00 price target on shares of Whitecap Resources in a research report on Friday, December 15th. Raymond James Financial upped their target price on Whitecap Resources from C$13.25 to C$14.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. TD Securities upped their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, CIBC reaffirmed an “outperform” rating and issued a C$12.50 target price on shares of Whitecap Resources in a research report on Tuesday, December 5th. Seven investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$13.22.

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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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