Whitecap Resources Inc. (TSE:WCP) Senior Officer Buys C$84,500.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang purchased 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of C$8.45 per share, for a total transaction of C$84,500.00.

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

• On Wednesday, March 12th, Thanh Chan Kang purchased 9,720 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$8.43 per share, for a total transaction of C$81,939.60.

Whitecap Resources Stock Performance

Shares of WCP opened at C$8.63 on Monday. 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 has a 50-day simple moving average of C$9.74 and a two-hundred day simple moving average of C$10.07. The stock has a market cap of C$5.04 billion, a price-to-earnings ratio of 5.82, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$7.88 and a 52 week high of C$11.31.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date is Friday, February 28th. Whitecap Resources’s payout ratio is 49.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WCP. Desjardins lowered their price target on Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research report on Tuesday, March 11th. Finally, National Bankshares reduced their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.