Key Points
- Insider Thanh Chan Kang purchased 5,000 Whitecap Resources shares at an average price of C$18.78, investing C$93,900 and increasing their direct stake by 1.04% to 484,275 shares.
- Whitecap shares opened at C$18.34 after declining 6.5%; the company recently reported quarterly EPS of C$0.27 and revenue of C$2.14 billion.
- Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of C$20.50, while several firms recently raised their targets.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Thanh Chan Kang purchased 5,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were purchased at an average price of C$18.78 per share, with a total value of C$93,900.00. Following the transaction, the insider directly owned 484,275 shares of the company's stock, valued at approximately C$9,094,684.50. The trade was a 1.04% increase in their position.
Whitecap Resources Stock Down 6.5%
WCP stock opened at C$18.34 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.60 and a debt-to-equity ratio of 23.99. Whitecap Resources Inc. has a fifty-two week low of C$10.18 and a fifty-two week high of C$20.79. The firm's 50-day simple moving average is C$18.74 and its 200 day simple moving average is C$15.95. The stock has a market cap of C$22.31 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29.
Whitecap Resources (TSE:WCP - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. The firm had revenue of C$2.14 billion during the quarter. As a group, sell-side analysts predict that Whitecap Resources Inc. will post 1.12 EPS for the current year.
Wall Street Analyst Weigh In
WCP has been the topic of several recent research reports. National Bank Financial lifted 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 research note on Tuesday, October 20th. Desjardins increased their price target on Whitecap Resources from C$23.00 to C$24.00 and gave the company a "buy" rating in a research report on Tuesday, October 20th. TD lifted their price target on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. ATB Cormark Capital Markets lifted their price target on Whitecap Resources from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Thursday, October 22nd. Finally, Canaccord Genuity Group boosted their price objective on Whitecap Resources from C$23.00 to C$23.50 and gave the stock a "buy" rating in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$20.50.
View Our Latest Stock Analysis on WCP
Whitecap Resources Company Profile
(
Get Free Report)
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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