Key Points
- Insider Thanh Chan Kang bought 3,100 Whitecap Resources shares at C$17.85 each, spending C$55,335. The purchase increased Kang’s holdings by 0.64% to 487,375 shares; Kang had also bought 5,000 shares on November 2.
- Whitecap reported quarterly EPS of C$0.27 and revenue of C$2.14 billion. Its shares opened at C$17.48 after the article reported a 6% decline.
- Analysts maintain a consensus Buy rating and a C$20.50 price target, with several firms recently raising their targets.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Thanh Chan Kang bought 3,100 shares of the stock in a transaction on Wednesday, November 4th. The shares were purchased at an average price of C$17.85 per share, with a total value of C$55,335.00. Following the acquisition, the insider owned 487,375 shares in the company, valued at approximately C$8,699,643.75. This represents a 0.64% increase in their position.
Thanh Chan Kang also recently made the following trade(s):
- On Monday, November 2nd, Thanh Chan Kang acquired 5,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$18.78 per share, with a total value of C$93,900.00.
Whitecap Resources Stock Down 6.0%
WCP stock opened at C$17.48 on Thursday. The company has a debt-to-equity ratio of 23.99, a current ratio of 0.60 and a quick ratio of 0.67. The stock has a market capitalization of C$21.27 billion, a P/E ratio of 13.76, a P/E/G ratio of -0.33 and a beta of 0.29. Whitecap Resources Inc. has a fifty-two week low of C$10.26 and a fifty-two week high of C$20.79. The business has a 50-day moving average of C$18.76 and a 200-day moving average of C$16.01.
Whitecap Resources (TSE:WCP - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$2.14 billion for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. On average, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
WCP has been the subject of several research reports. ATB Cormark Capital Markets raised their price target on shares of 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. TD boosted their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research report on Friday, September 11th. Royal Bank Of Canada increased their target price on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Wednesday, October 21st. Desjardins increased their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a "buy" rating in a report on Tuesday, October 20th. Finally, National Bank Financial raised their target price on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$20.50.
Read Our Latest Research Report on WCP
About Whitecap Resources
(
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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