Whitecap Resources (TSE:WCP) Insider Thanh Chan Kang Acquires 5,000 Shares of Company Stock

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang acquired 5,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of C$16.58 per share, with a total value of C$82,900.00. Following the completion of the purchase, the insider directly owned 492,375 shares of the company’s stock, valued at C$8,163,577.50. This trade represents a 1.03% increase in their ownership of the stock.

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

• On Wednesday, November 4th, Thanh Chan Kang purchased 3,100 shares of Whitecap Resources stock. The stock was acquired at an average price of C$17.85 per share, for a total transaction of C$55,335.00.
• On Monday, November 2nd, Thanh Chan Kang purchased 5,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$18.78 per share, for a total transaction of C$93,900.00.

Whitecap Resources Stock Down 0.2%

TSE WCP traded down C$0.03 on Friday, reaching C$16.67. 8,239,312 shares of the stock traded hands, compared to its average volume of 6,246,261. The company has a fifty day moving average price of C$18.71 and a 200-day moving average price of C$16.06. Whitecap Resources Inc. has a 12 month low of C$10.32 and a 12 month high of C$20.79. The company has a market cap of C$20.28 billion, a price-to-earnings ratio of 13.13, a PEG ratio of -0.33 and a beta of 0.21. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data 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 for the quarter. As a group, research analysts forecast that Whitecap Resources Inc. will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WCP has been the subject of a number of research analyst reports. ATB Cormark Capital Markets raised their price target on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Canaccord Genuity Group boosted their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the company a “buy” rating in a report on Thursday, October 29th. Royal Bank Of Canada upped their target price on Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. Desjardins raised their target price on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Finally, National Bank Financial lifted their price target on Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$20.50.

Whitecap Resources Company Profile

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.