Insider Buying: Whitecap Resources (TSE:WCP) Insider Acquires C$93,900.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang purchased 5,000 shares of Whitecap Resources stock in a transaction dated Monday, November 2nd. The stock was bought at an average price of C$18.78 per share, with a total value of C$93,900.00. Following the completion of the transaction, the insider owned 484,275 shares of the company’s stock, valued at C$9,094,684.50. This represents a 1.04% increase in their position.

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, for a total transaction of C$55,335.00.

Whitecap Resources Trading Down 6.0%

Whitecap Resources stock opened at C$17.48 on Thursday. The company has a market capitalization of C$21.27 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. Whitecap Resources Inc. has a 12 month low of C$10.26 and a 12 month high of C$20.79. The business’s fifty day simple moving average is C$18.76 and its two-hundred day simple moving average is C$16.01.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on WCP. ATB Cormark Capital Markets lifted their price objective on Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Desjardins raised their price objective on Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Canaccord Genuity Group boosted their price target on Whitecap Resources from C$23.00 to C$23.50 and gave the company a “buy” rating in a research report on Thursday, October 29th. Royal Bank Of Canada increased 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, National Bank Financial lifted their target price on Whitecap Resources from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat, 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.