Whitecap Resources Inc. (TSE:WCP) insider Darin Roy Dunlop purchased 9,100 shares of the company’s stock in a transaction on Thursday, October 18th. The stock was bought at an average price of C$6.82 per share, for a total transaction of C$62,062.00.
TSE:WCP traded up C$0.10 during trading hours on Friday, hitting C$6.93. The company’s stock had a trading volume of 137,711 shares, compared to its average volume of 1,750,550. Whitecap Resources Inc. has a 52-week low of C$6.78 and a 52-week high of C$10.36.
Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, August 1st. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.11 by C($0.12). The business had revenue of C$436.24 million during the quarter, compared to analysts’ expectations of C$345.60 million. Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be given a $0.027 dividend. This represents a $0.32 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Tuesday, October 30th.
WCP has been the subject of several research analyst reports. Canaccord Genuity decreased their price objective on Whitecap Resources from C$13.00 to C$12.00 in a report on Tuesday. Cormark decreased their price target on Whitecap Resources from C$13.75 to C$13.50 in a report on Tuesday, October 9th. Raymond James increased their price target on Whitecap Resources from C$13.50 to C$14.00 in a report on Thursday, July 5th. National Bank Financial increased their price target on Whitecap Resources from C$14.50 to C$16.00 and gave the stock a “c$9.00” rating in a report on Wednesday, July 18th. Finally, CIBC increased their price target on Whitecap Resources from C$12.50 to C$12.75 in a report on Friday, July 20th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$13.25.
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.
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