Whitecap Resources (TSE:WCP) Insider Thanh Chan Kang Purchases 5,000 Shares of Company 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 Monday, November 2nd. The stock was purchased at an average cost of C$18.78 per share, for a total transaction of C$93,900.00. Following the completion of the purchase, the insider owned 484,275 shares of the company’s stock, valued at C$9,094,684.50. This trade represents a 1.04% increase in their ownership of the stock.

Whitecap Resources Trading Down 6.1%

TSE WCP traded down C$1.19 on Monday, hitting C$18.43. The company’s stock had a trading volume of 6,473,235 shares, compared to its average volume of 6,173,192. Whitecap Resources Inc. has a 52-week low of C$10.18 and a 52-week high of C$20.79. 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’s 50-day simple moving average is C$18.74 and its 200 day simple moving average is C$15.91. The firm has a market cap of C$22.42 billion, a P/E ratio of 14.51, a PEG ratio of -0.33 and a beta of 0.29.

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

Analyst Ratings Changes

Several brokerages recently weighed in on WCP. TD raised their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, September 11th. National Bank Financial upped their price objective on 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. ATB Cormark Capital Markets increased their target price 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. Royal Bank Of Canada lifted their target price on Whitecap Resources from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Finally, Desjardins lifted their target price on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. 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 data from 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.