Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang Purchases 9,720 Shares

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang bought 9,720 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of C$8.43 per share, for a total transaction of C$81,939.60.

Whitecap Resources Stock Up 3.1 %

WCP stock opened at C$8.56 on Thursday. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. 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 simple moving average is C$9.81 and its 200-day simple moving average is C$10.10. The firm has a market capitalization of C$5.00 billion, a PE ratio of 5.78, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued 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 dividend yield of 8.52%. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Analyst Upgrades and Downgrades

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