Whitecap Resources Inc. (WCP) Director Grant Bradley Fagerheim Purchases 10,200 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,200 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of C$8.91 per share, with a total value of C$90,882.00.

Shares of Whitecap Resources Inc. (TSE WCP) traded up C$0.02 during mid-day trading on Wednesday, reaching C$8.84. 1,462,743 shares of the company’s stock traded hands, compared to its average volume of 1,358,026. Whitecap Resources Inc. has a 52 week low of C$8.42 and a 52 week high of C$12.90.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.28 annualized dividend and a yield of 3.12%. Whitecap Resources’s dividend payout ratio is presently 34.95%.

WCP has been the subject of several research reports. Raymond James Financial lifted their target price 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. National Bank Financial dropped their target price on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating for the company in a report on Friday, October 13th. BMO Capital Markets lifted their target price 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. Barclays lifted their target price on shares of Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. Finally, TD Securities lifted their target price on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Tuesday. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus 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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