Insider Buying: Whitecap Resources Inc. (TSE:WCP) Senior Officer Purchases 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Senior Officer Thanh Chan Kang bought 10,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$8.73 per share, for a total transaction of C$87,300.00.

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

• On Friday, March 14th, Thanh Chan Kang purchased 10,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$8.45 per share, with a total value of C$84,500.00.
• On Wednesday, March 12th, Thanh Chan Kang acquired 9,720 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$8.43 per share, with a total value of C$81,939.60.

Whitecap Resources Price Performance

Shares of WCP traded down C$0.25 during mid-day trading on Tuesday, reaching C$7.41. The company had a trading volume of 4,106,306 shares, compared to its average volume of 3,949,287. The company's 50-day moving average is C$9.36 and its 200-day moving average is C$9.96. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The company has a market capitalization of C$4.33 billion, a P/E ratio of 5.00, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a twelve month low of C$7.10 and a twelve month high of C$11.31.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.85%. Whitecap Resources's payout ratio is presently 49.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WCP. Raymond James raised Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price target on the stock in a research report on Tuesday, March 11th. Desjardins set a C$12.00 price target on shares of Whitecap Resources and gave the company a "buy" rating in a report on Wednesday, March 19th. Finally, National Bankshares dropped 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Whitecap Resources has a consensus rating of "Buy" and a consensus price target of C$13.52.

Whitecap Resources Company Profile

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.