Whitecap Resources (TSE:WCP) Insider Acquires C$82,900.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of C$16.58 per share, with a total value of C$82,900.00. Following the transaction, the insider directly owned 492,375 shares of the company’s stock, valued at C$8,163,577.50. The trade was a 1.03% increase in their ownership of the stock.

Thanh Chan Kang also recently made the following trade(s):

• On Wednesday, November 4th, Thanh Chan Kang purchased 3,100 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$17.85 per share, for a total transaction of C$55,335.00.
• On Monday, November 2nd, Thanh Chan Kang purchased 5,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$18.78 per share, for a total transaction of C$93,900.00.

Whitecap Resources Stock Down 0.4%

Shares of WCP stock traded down C$0.07 during trading hours on Friday, reaching C$16.63. 4,258,063 shares of the company’s stock were exchanged, compared to its average volume of 6,225,450. Whitecap Resources Inc. has a fifty-two week low of C$10.32 and a fifty-two week high of C$20.79. The stock’s 50 day moving average is C$18.73 and its 200-day moving average is C$16.04. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. The company has a market cap of C$20.23 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of -0.33 and a beta of 0.21.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, October 28th. The company reported C$0.27 earnings per share for the quarter. The firm had revenue of C$2.14 billion during the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. Analysts predict that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WCP has been the subject of a number of research analyst reports. ATB Cormark Capital Markets increased their price target on Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. TD boosted their price target on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. Desjardins upped their price objective on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. National Bank Financial increased their price objective on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, October 20th. Finally, Canaccord Genuity Group lifted their target price on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$20.50.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.