Whitecap Resources (TSE:WCP) Insider Purchases 5,000 Shares of Stock

Key Points

• Whitecap Resources insider Thanh Chan Kang purchased 5,000 shares at C$16.58 each, spending C$82,900; the buy raised their stake by 1.03% to 492,375 shares. Kang also made two other purchases earlier that week.
• Whitecap shares fell 0.4% to C$16.63 on Friday. The company reported quarterly EPS of C$0.27 and revenue of C$2.14 billion.
• Analyst sentiment was broadly positive: 11 analysts rated the stock Buy or Strong Buy, with a consensus price target of C$20.50.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Thanh Chan Kang bought 5,000 shares of the firm's stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of C$16.58 per share, with a total value of C$82,900.00. Following the completion of the transaction, the insider owned 492,375 shares in the company, valued at C$8,163,577.50. This represents a 1.03% increase in their ownership of the stock.

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

• On Wednesday, November 4th, Thanh Chan Kang purchased 3,100 shares of Whitecap Resources stock. The shares were purchased at an average price of C$17.85 per share, for a total transaction of C$55,335.00.
• On Monday, November 2nd, Thanh Chan Kang purchased 5,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$18.78 per share, for a total transaction of C$93,900.00.

Whitecap Resources Stock Down 0.4%

Shares of WCP stock traded down C$0.07 on Friday, hitting C$16.63. The stock had a trading volume of 4,258,063 shares, compared to its average volume of 6,225,450. The company has a quick ratio of 0.67, a current ratio of 0.60 and a debt-to-equity ratio of 23.99. The business has a 50 day moving average price of C$18.73 and a 200 day moving average price of C$16.04. The company has a market cap of C$20.23 billion, a PE ratio of 13.09, a P/E/G ratio of -0.33 and a beta of 0.21. Whitecap Resources Inc. has a one year low of C$10.32 and a one year high of C$20.79.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. The company had revenue of C$2.14 billion for the quarter. Research analysts anticipate that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WCP has been the topic of a number of recent research reports. ATB Cormark Capital Markets increased their price objective on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the company an "outperform" rating in a research note on Thursday, October 22nd. Canaccord Genuity Group boosted their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a "buy" rating in a research note on Thursday, October 29th. TD boosted their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. Desjardins upped their target price on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a "buy" rating in a report on Tuesday, October 20th. Finally, National Bank Financial increased their target price on Whitecap Resources from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$20.50.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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