Whitecap Resources (TSE:WCP) Stock: Insider Thanh Chan Kang Buys 5,000 Shares

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

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$18.60 on Wednesday. The business has a 50 day moving average of C$18.76 and a 200 day moving average of C$15.98. Whitecap Resources Inc. has a 52 week low of C$10.18 and a 52 week high of C$20.79. The company has a market cap of C$22.63 billion, a PE ratio of 14.65, a P/E/G ratio of -0.33 and a beta of 0.29. The company has a quick ratio of 0.67, a current ratio of 0.60 and a debt-to-equity ratio of 23.99.

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

Analysts Set New Price Targets

WCP has been the topic of a number of research reports. Desjardins lifted their target price on shares of 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. 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 raised their price objective on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. National Bank Financial lifted their price objective on Whitecap Resources from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, October 20th. Finally, TD upped their target price on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources 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.