Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang Buys 10,000 Shares

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of C$8.45 per share, for a total transaction of C$84,500.00.

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

• On Wednesday, March 12th, Thanh Chan Kang bought 9,720 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$8.43 per share, for a total transaction of C$81,939.60.

Whitecap Resources Stock Up 2.3 %

Shares of WCP opened at C$8.63 on Friday. The firm has a 50 day simple moving average of C$9.77 and a two-hundred day simple moving average of C$10.09. The company has a market cap of C$5.04 billion, a P/E ratio of 5.82, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. Whitecap Resources Inc. has a one year low of C$7.88 and a one year high of C$11.31.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a yield of 8.45%. The ex-dividend date is Friday, February 28th. Whitecap Resources’s payout ratio is presently 49.25%.

Analyst Ratings Changes

WCP has been the topic of a number of research analyst reports. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price on the stock in a report on Tuesday. National Bankshares reduced their price target on 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 reduced their price target 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$13.52.

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.