Whitecap Resources (TSE:WCP) Stock: Insider Thanh Chan Kang Acquires 3,100 Shares

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang bought 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was acquired at an average price of C$17.85 per share, with a total value of C$55,335.00. Following the completion of the purchase, the insider directly owned 487,375 shares of the company’s stock, valued at approximately C$8,699,643.75. The trade was a 0.64% increase in their position.

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

• 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 Stock Down 4.5%

Shares of TSE:WCP opened at C$16.70 on Friday. The stock’s 50-day moving average price is C$18.73 and its two-hundred day moving average price is C$16.04. 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$10.32 and a 12-month high of C$20.79. The firm has a market cap of C$20.32 billion, a price-to-earnings ratio of 13.15, a PEG ratio of -0.33 and a beta of 0.21.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results 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 company had revenue of C$2.14 billion during the quarter. On average, research analysts forecast that Whitecap Resources Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the company a “buy” rating in a report on Thursday, October 29th. National Bank Financial increased their price target on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. ATB Cormark Capital Markets increased their price target on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada lifted 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 report on Wednesday, October 21st. Finally, TD boosted 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 research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the stock 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.