Thanh Chan Kang Purchases 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of C$8.73 per share, for a total transaction of C$87,300.00.

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

• On Friday, March 14th, Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$8.45 per share, with a total value of C$84,500.00.
• On Wednesday, March 12th, Thanh Chan Kang purchased 9,720 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.43 per share, for a total transaction of C$81,939.60.

Whitecap Resources Trading Down 10.0 %

WCP stock opened at C$7.75 on Friday. The business has a fifty day moving average price of C$9.40 and a 200 day moving average price of C$9.98. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. Whitecap Resources Inc. has a fifty-two week low of C$7.57 and a fifty-two week high of C$11.31. The stock has a market capitalization of C$4.52 billion, a price-to-earnings ratio of 5.23, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. National Bankshares reduced their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price for the company in a research report on Tuesday, March 11th. Finally, Desjardins set a C$12.00 price target on Whitecap Resources and gave the company a “buy” rating in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.