Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang Purchases 9,720 Shares

Whitecap Resources Inc. (TSE:WCP) Senior Officer Thanh Chan Kang bought 9,720 shares of the company’s stock in a transaction dated Wednesday, March 12th. 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 Performance

Shares of WCP stock opened at C$8.56 on Thursday. The business has a 50 day simple moving average of C$9.81 and a 200 day simple moving average of C$10.10. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The firm has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. National Bankshares dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Desjardins lowered their price objective on Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Raymond James upgraded 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Whitecap Resources presently has an average rating of “Buy” and an average 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.