Whitecap Resources (TSE:WCP) Insider Purchases C$82,900.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang acquired 5,000 shares of the stock in a transaction dated Friday, November 6th. The stock was purchased at an average cost of C$16.58 per share, with a total value of C$82,900.00. Following 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 acquired 3,100 shares of Whitecap Resources stock. The stock was acquired at an average price of C$17.85 per share, with a total value of C$55,335.00.
• On Monday, November 2nd, Thanh Chan Kang bought 5,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$18.78 per share, for a total transaction of C$93,900.00.

Whitecap Resources Price Performance

TSE:WCP opened at C$16.67 on Monday. Whitecap Resources Inc. has a one year low of C$10.32 and a one year high of C$20.79. The company has a debt-to-equity ratio of 23.99, a current ratio of 0.60 and a quick ratio of 0.67. The company has a market cap of C$20.28 billion, a PE ratio of 13.13, a P/E/G ratio of -0.33 and a beta of 0.21. The firm’s 50 day simple moving average is C$18.71 and its 200 day simple moving average is C$16.06.

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

Analysts Set New Price Targets

WCP has been the topic of several analyst reports. Canaccord Genuity Group boosted their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday, October 29th. 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 report on Tuesday, October 20th. National Bank Financial lifted their target price on Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, October 20th. 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, ATB Cormark Capital Markets upped their price target on Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.