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

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of C$8.45 per share, with a total value of C$84,500.00.

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

• On Wednesday, March 12th, Thanh Chan Kang bought 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 Price Performance

TSE:WCP opened at C$8.63 on Monday. The firm has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 5.82, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1 year low of C$7.88 and a 1 year high of C$11.31. The business has a 50 day simple moving average of C$9.74 and a 200-day simple moving average of C$10.07. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Friday, February 28th. Whitecap Resources’s payout ratio is 49.25%.

Analysts Set New Price Targets

WCP has been the subject of a number of research reports. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a research note on Tuesday, March 11th. Desjardins dropped their price target on Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Finally, National Bankshares dropped their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$13.52.

About Whitecap Resources

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.