Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang purchased 10,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were bought at an average cost of C$7.75 per share, with a total value of C$77,500.00.
Whitecap Resources stock opened at C$7.94 on Monday. The firm has a market capitalization of $3,220.00, a PE ratio of -24.81 and a beta of 1.05. Whitecap Resources Inc. has a one year low of C$7.40 and a one year high of C$10.66.
Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.02. Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%. The firm had revenue of C$285.01 million during the quarter, compared to analyst estimates of C$256.40 million.
WCP has been the subject of several recent research reports. Needham & Company LLC reissued an “outperform” rating and set a C$13.00 price target on shares of Whitecap Resources in a report on Friday, December 15th. TD Securities boosted their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. CIBC reissued an “outperform” rating and set a C$12.50 price target on shares of Whitecap Resources in a report on Tuesday, December 5th. BMO Capital Markets boosted their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, December 5th. Finally, Barclays boosted their price target on Whitecap Resources from C$11.00 to C$12.00 in a report on Wednesday, January 17th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$13.08.
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Whitecap Resources Company Profile
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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