Insider Buying: Whitecap Resources Inc. (TSE:WCP) Senior Officer Acquires 9,720 Shares of Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Senior Officer Thanh Chan Kang bought 9,720 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of C$8.43 per share, with a total value of C$81,939.60.

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

• On Friday, March 14th, Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$8.45 per share, with a total value of C$84,500.00.

Whitecap Resources Trading Up 2.3 %

TSE:WCP traded up C$0.19 during midday trading on Friday, reaching C$8.63. 4,673,911 shares of the stock traded hands, compared to its average volume of 3,292,624. The company has a fifty day moving average of C$9.74 and a 200 day moving average of C$10.07. Whitecap Resources Inc. has a 12 month low of C$7.88 and a 12 month high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The stock has a market capitalization of C$5.04 billion, a P/E ratio of 5.82, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources's payout ratio is 49.25%.

Analyst Ratings Changes

Several equities research analysts have issued reports on WCP shares. Raymond James upgraded shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 target price for the company in a research report on Tuesday, March 11th. National Bankshares dropped their target price 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, Desjardins lowered their price objective on shares of Whitecap Resources from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Whitecap Resources 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.