The Senior Officer of Whitecap Resources (Other OTC: SPGYF) is Buying Shares

Today, the Senior Officer of Whitecap Resources (SPGYFResearch Report), Michael John Nerbas, bought shares of SPGYF for $14.94K.

Following this transaction Michael John Nerbas’ holding in the company was increased by 37% to a total of $43.69K. This is Nerbas’ first transaction since reporting a Sell transaction on TSE:NAL back in March 2015

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SPGYF’s market cap is $1.89 billion and the company has a P/E ratio of -1.00. The company has a one-year high of $4.25 and a one-year low of $0.50. Currently, Whitecap Resources has an average volume of 188.21K.

Nine different firms, including Canaccord Genuity and Raymond James, currently also have a Buy rating on the stock. Based on 11 analyst ratings, the analyst consensus is Strong Buy with an average price target of $4.36, reflecting a -7.1% downside. Starting in December 2020, SPGYF received 5 Buy ratings in a row.

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Whitecap Resources, Inc. engages in the acquisition, development, and production of crude oil and natural gas. It focuses on the Boundary Lake, Valhalla, West Central Alberta, West Central Saskatchewan, and Southwest Saskatchewan. The company was founded by Grant B. Fagerheim on June 3, 2008 and is headquartered in Calgary, Canada.