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

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

Whitecap Resources Price Performance

Shares of WCP traded down C$0.16 during trading hours on Friday, hitting C$10.46. 531,767 shares of the company were exchanged, compared to its average volume of 2,296,889. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. Whitecap Resources Inc. has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.31. The company has a market cap of C$6.27 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of -0.33 and a beta of 2.67. The firm’s fifty day moving average is C$10.38 and its 200 day moving average is C$10.29.

Whitecap Resources Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0608 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.73 dividend on an annualized basis and a yield of 6.98%. Whitecap Resources’s payout ratio is 58.40%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WCP shares. Jefferies Financial Group cut their target price on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, September 16th. ATB Capital reduced their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, October 24th. Raymond James upgraded Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Canaccord Genuity Group reduced their price target on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Finally, National Bankshares decreased their price objective on Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.61.

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.