Thanh Chan Kang Buys 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Senior Officer Thanh Chan Kang bought 10,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average price of C$8.45 per share, for a total transaction 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 purchased at an average cost of C$8.43 per share, for a total transaction of C$81,939.60.

Whitecap Resources Trading Up 1.5 %

Shares of Whitecap Resources stock traded up C$0.13 during trading on Tuesday, reaching C$9.01. 5,801,867 shares of the stock were exchanged, compared to its average volume of 3,465,685. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The stock's fifty day moving average is C$9.71 and its 200 day moving average is C$10.06. The firm has a market cap of C$5.26 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1 year low of C$7.88 and a 1 year high of C$11.31.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.0608 per share. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 8.10%. Whitecap Resources's payout ratio is 49.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. National Bankshares decreased their price target 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. Desjardins decreased 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. Finally, Raymond James raised shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price target on the stock in a report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$13.52.

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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.