Thanh Chan Kang Acquires 9,720 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang bought 9,720 shares of the stock in a transaction dated Wednesday, March 12th. 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 Stock Down 1.4 %

WCP stock opened at C$8.44 on Friday. The company has a market cap of C$4.93 billion, a P/E ratio of 5.69, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$7.88 and a 52 week high of C$11.31. The company’s 50-day moving average price is C$9.81 and its 200 day moving average price is C$10.10. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 8.64%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WCP shares. Desjardins lowered their target price 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. Raymond James raised shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price on the stock in a report on Tuesday. Finally, National Bankshares lowered their target price 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources currently has a consensus rating of “Buy” and a consensus target price 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.