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 business’s stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of C$8.45 per share, with a total value of C$84,500.00.

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

• On Wednesday, March 12th, Thanh Chan Kang purchased 9,720 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.43 per share, for a total transaction of C$81,939.60.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$8.63 on Friday. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31. The company’s 50 day moving average price is C$9.74 and its two-hundred day moving average price is C$10.08. The firm has a market cap of C$5.04 billion, a PE ratio of 5.82, a PEG ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 8.45%. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Wall Street Analyst Weigh In

WCP has been the topic of several research reports. National Bankshares decreased their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Raymond James raised shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price for the company in a report on Tuesday, March 11th. Finally, Desjardins lowered their price target on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Whitecap Resources presently has an average rating of “Buy” and an average target price 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.