Whitecap Resources Inc. (WCP) Insider Buys C$43,100.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Jeffery Byron Zdunich acquired 5,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, June 11th. The stock was acquired at an average price of C$8.62 per share, with a total value of C$43,100.00.

Shares of Whitecap Resources traded down C$0.05, reaching C$8.45, during trading hours on Thursday, Marketbeat.com reports. 421,524 shares of the stock traded hands, compared to its average volume of 1,963,204. Whitecap Resources Inc. has a one year low of C$7.40 and a one year high of C$10.36.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, May 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.10). The firm had revenue of C$361.12 million for the quarter. Whitecap Resources had a net margin of 1.91% and a return on equity of 0.46%.

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.026 per share. This is a boost from Whitecap Resources’s previous monthly dividend of $0.03. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, May 30th.

A number of equities research analysts have issued reports on WCP shares. Scotiabank restated an “outperform” rating and set a C$13.50 price target on shares of Whitecap Resources in a research note on Thursday, May 17th. National Bank Financial boosted their price target on Whitecap Resources from C$11.50 to C$14.50 and gave the company an “outperform” rating in a research note on Thursday, May 10th. Industrial Alliance Securities restated a “buy” rating and set a C$13.00 price target on shares of Whitecap Resources in a research note on Wednesday, May 23rd. Raymond James boosted their price target on Whitecap Resources from C$13.00 to C$13.25 and gave the company a “strong-buy” rating in a research note on Thursday, May 3rd. Finally, GMP Securities cut their price target on Whitecap Resources from C$13.75 to C$13.25 in a research note on Thursday, March 1st. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Whitecap Resources currently has an average rating of “Buy” and an average price target of C$13.08.

Whitecap Resources Company Profile

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.

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

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