Thanh Chan Kang Purchases 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang purchased 10,000 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of C$10.48 per share, with a total value of C$104,800.00.

Whitecap Resources Trading Down 1.5 %

Shares of Whitecap Resources stock traded down C$0.16 during trading on Friday, hitting C$10.46. The company’s stock had a trading volume of 531,767 shares, compared to its average volume of 2,296,889. The stock has a market cap of C$6.27 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$8.15 and a 52 week high of C$11.31. The stock has a 50-day moving average price of C$10.38 and a two-hundred day moving average price of C$10.29. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67.

Whitecap Resources Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.98%. Whitecap Resources’s dividend payout ratio (DPR) is presently 58.40%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James upgraded Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Scotiabank upped their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. Jefferies Financial Group lowered their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, ATB Capital cut their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.61.

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.