Whitecap Resources (TSE:WCP) Stock: Insider Thanh Chan Kang Buys 3,100 Shares

Key Points

• Insider Thanh Chan Kang bought 3,100 Whitecap Resources shares at an average C$17.85 each, spending C$55,335. The purchase increased direct holdings to 487,375 shares; Kang had also bought 5,000 shares on November 2.
• Whitecap shares fell 6.6% to C$17.37 during Wednesday trading, with volume above its average.
• Analyst sentiment remained 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 acquired 3,100 shares of the company's stock in a transaction dated Wednesday, November 4th. The stock was acquired at an average cost of C$17.85 per share, for a total transaction of C$55,335.00. Following the completion of the purchase, the insider directly owned 487,375 shares in the company, valued at C$8,699,643.75. This trade represents a 0.64% increase in their ownership of the stock.

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

• On Monday, November 2nd, Thanh Chan Kang bought 5,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$18.78 per share, for a total transaction of C$93,900.00.

Whitecap Resources Stock Down 6.6%

TSE WCP traded down C$1.23 during trading hours on Wednesday, hitting C$17.37. The company's stock had a trading volume of 8,583,058 shares, compared to its average volume of 6,205,743. The company has a market capitalization of C$21.13 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. Whitecap Resources Inc. has a 52 week low of C$10.26 and a 52 week high of C$20.79. The company's 50-day simple moving average is C$18.76 and its two-hundred day simple moving average is C$15.98.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on WCP. Canaccord Genuity Group lifted their target price 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. Desjardins upped their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research report on Tuesday, October 20th. National Bank Financial boosted their price objective on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 20th. ATB Cormark Capital Markets raised their target price 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. Finally, TD lifted their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a "buy" rating in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus 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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