Whitecap Resources Inc. (TSE:WCP) Senior Officer Acquires C$31,482.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang purchased 2,970 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of C$10.60 per share, for a total transaction of C$31,482.00.

Whitecap Resources Stock Down 4.2 %

Shares of TSE:WCP opened at C$10.00 on Thursday. The stock has a fifty day simple moving average of C$10.11 and a two-hundred day simple moving average of C$9.61. The stock has a market capitalization of C$5.98 billion, a price-to-earnings ratio of 6.85, a PEG ratio of -0.33 and a beta of 2.81. Whitecap Resources Inc. has a 12-month low of C$8.15 and a 12-month high of C$11.91. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). The company had revenue of C$933.30 million for the quarter, compared to analysts’ expectations of C$787.00 million. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. On average, research analysts anticipate that Whitecap Resources Inc. will post 1.2846626 earnings per share for the current fiscal year.

Whitecap Resources Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Monday, April 29th. Whitecap Resources’s dividend payout ratio is currently 44.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. ATB Capital dropped their price target on Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Raymond James dropped their price target on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Stifel Nicolaus lifted their price target on Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group set a C$11.00 price target on Whitecap Resources and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, National Bankshares dropped their price target on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$13.56.

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.