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

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang acquired 10,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average cost 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 purchased 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 acquired 9,720 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.43 per share, with a total value of C$81,939.60.

Whitecap Resources Stock Performance

TSE:WCP opened at C$8.61 on Friday. The stock has a market cap of C$5.03 billion, a P/E ratio of 5.81, a PEG ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The business’s 50-day moving average price is C$9.44 and its two-hundred day moving average price is C$10.00. Whitecap Resources Inc. has a twelve month low of C$7.88 and a twelve month high of C$11.31.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.0608 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 8.47%. Whitecap Resources’s dividend payout ratio is presently 49.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WCP shares. 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 report on Tuesday, March 11th. Desjardins set a C$12.00 price objective on Whitecap Resources and gave the stock a “buy” rating in a report on Wednesday, March 19th. Finally, National Bankshares reduced their target price on 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Whitecap Resources presently has an average rating of “Buy” and an average target price 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.