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

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of C$16.58 per share, for a total transaction of C$82,900.00. Following the transaction, the insider directly owned 492,375 shares in the company, valued at approximately C$8,163,577.50. This 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 bought 3,100 shares of Whitecap Resources stock. The stock was purchased 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 stock was purchased at an average cost of C$18.78 per share, with a total value of C$93,900.00.

Whitecap Resources Stock Down 0.2%

WCP stock opened at C$16.67 on Friday. The stock’s 50 day simple moving average is C$18.71 and its 200 day simple moving average is C$16.06. Whitecap Resources Inc. has a fifty-two week low of C$10.32 and a fifty-two week high of C$20.79. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. The company has a market cap of C$20.28 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. ATB Cormark Capital Markets lifted their price target on shares of 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. Royal Bank Of Canada boosted their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Desjardins upped their price objective on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Canaccord Genuity Group raised 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 research note on Thursday, October 29th. Finally, TD lifted their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.