Key Points
- Insider Thanh Chan Kang bought 5,000 Whitecap Resources shares for C$82,900 at C$16.58 each, increasing the holding by 1.03% to 492,375 shares. Kang also purchased shares earlier in the week.
- Whitecap reported quarterly earnings of C$0.27 per share and revenue of C$2.14 billion.
- Analysts maintain a consensus Buy rating, with a C$20.50 average price target. Shares traded at C$16.67 on Friday.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Thanh Chan Kang acquired 5,000 shares of the firm's stock in a transaction on Friday, November 6th. The stock was purchased at an average price of C$16.58 per share, with a total value of C$82,900.00. Following the transaction, the insider owned 492,375 shares of the company's stock, valued at approximately C$8,163,577.50. This trade represents a 1.03% increase in their position.
Thanh Chan Kang also recently made the following trade(s):
- On Wednesday, November 4th, Thanh Chan Kang bought 3,100 shares of Whitecap Resources stock. The shares were acquired at an average price of C$17.85 per share, for a total transaction of C$55,335.00.
- On Monday, November 2nd, Thanh Chan Kang bought 5,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$18.78 per share, for a total transaction of C$93,900.00.
Whitecap Resources Price Performance
Shares of Whitecap Resources stock traded down C$0.03 on Friday, hitting C$16.67. The company's stock had a trading volume of 8,239,312 shares, compared to its average volume of 6,246,261. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. Whitecap Resources Inc. has a 1 year low of C$10.32 and a 1 year high of C$20.79. The firm has a fifty day moving average price of C$18.71 and a 200-day moving average price of C$16.06. The company has a market capitalization of C$20.28 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21.
Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. The company 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%. As a group, 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
A number of research analysts have recently issued reports on WCP shares. Royal Bank Of Canada increased their target price on Whitecap Resources from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research report on Wednesday, October 21st. National Bank Financial boosted their price target on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a report on Tuesday, October 20th. ATB Cormark Capital Markets upped their price objective on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Thursday, October 22nd. Canaccord Genuity Group increased their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the company a "buy" rating in a report on Thursday, October 29th. Finally, Desjardins increased their price objective on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$20.50.
View Our Latest Stock Report on Whitecap Resources
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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