Whitecap Resources Inc. (TSE:WCP – Get Free Report) insider Thanh Chan Kang purchased 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were purchased at an average cost of C$17.85 per share, with a total value of C$55,335.00. Following the completion of the acquisition, the insider directly owned 487,375 shares of the company’s stock, valued at C$8,699,643.75. This represents a 0.64% increase in their ownership of the stock.
Thanh Chan Kang also recently made the following trade(s):
- On Friday, November 6th, Thanh Chan Kang bought 5,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$16.58 per share, with a total value of C$82,900.00.
- On Monday, November 2nd, Thanh Chan Kang purchased 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 0.2%
Shares of TSE WCP opened at C$16.67 on Friday. 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 firm has a market cap of C$20.28 billion, a PE ratio of 13.13, a P/E/G ratio of -0.33 and a beta of 0.21. Whitecap Resources Inc. has a 12-month low of C$10.32 and a 12-month high of C$20.79. The company’s fifty day simple moving average is C$18.71 and its 200 day simple moving average is C$16.06.
Whitecap Resources (TSE:WCP – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$2.14 billion for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. As a group, sell-side analysts forecast that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on WCP shares. Desjardins boosted their price objective 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. ATB Cormark Capital Markets boosted their target price on Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. National Bank Financial upped 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 report on Tuesday, October 20th. Royal Bank Of Canada raised their price objective on Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. Finally, Canaccord Genuity Group increased 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 report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$20.50.
View Our Latest Analysis on WCP
Whitecap Resources Company Profile
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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