Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang Acquires 2,970 Shares

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Senior Officer Thanh Chan Kang acquired 2,970 shares of the stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of C$10.60 per share, with a total value of C$31,482.00.

Whitecap Resources Stock Performance

Shares of WCP traded down C$0.07 on Monday, reaching C$10.64. 1,818,784 shares of the stock traded hands, compared to its average volume of 2,421,301. The firm has a market cap of C$6.36 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of -0.33 and a beta of 2.81. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. Whitecap Resources Inc. has a 12 month low of C$8.15 and a 12 month high of C$11.91. The stock's 50-day moving average price is C$10.08 and its 200-day moving average price is C$9.62.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing analysts' consensus estimates of C$0.24 by C($0.14). The company had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. Equities analysts forecast that Whitecap Resources Inc. will post 1.2846626 EPS for the current fiscal year.

Whitecap Resources Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.0608 dividend. This represents a $0.73 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Monday, April 29th. Whitecap Resources's payout ratio is 44.52%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WCP shares. ATB Capital reduced their price target on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. BMO Capital Markets raised their price target on shares of Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday. Raymond James cut their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a "strong-buy" rating on the stock in a report on Friday, January 19th. National Bankshares cut their price objective on shares of Whitecap Resources from C$18.50 to C$15.00 and set an "outperform" rating on the stock in a report on Wednesday, January 10th. Finally, Stifel Nicolaus raised their price target on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the company a "buy" rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$13.56.

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.