Thanh Chan Kang Buys 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$8.73 per share, for a total transaction of C$87,300.00.

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

• On Friday, March 14th, Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.45 per share, for a total transaction of C$84,500.00.
• On Wednesday, March 12th, Thanh Chan Kang purchased 9,720 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.43 per share, with a total value of C$81,939.60.

Whitecap Resources Trading Down 10.0 %

TSE:WCP opened at C$7.75 on Friday. The business’s 50-day simple moving average is C$9.40 and its 200-day simple moving average is C$9.98. Whitecap Resources Inc. has a fifty-two week low of C$7.57 and a fifty-two week high of C$11.31. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The stock has a market capitalization of C$4.52 billion, a PE ratio of 5.23, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 9.41%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio is 49.25%.

Analyst Ratings Changes

A number of analysts have commented on WCP shares. National Bankshares lowered their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a report on Tuesday, March 11th. Finally, Desjardins set a C$12.00 target price on Whitecap Resources and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$13.52.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.