Whitecap Resources (TSE:WCP) Insider Thanh Chan Kang Buys 3,100 Shares of Company Stock

Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang bought 3,100 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of C$17.85 per share, for a total transaction of C$55,335.00. Following the purchase, the insider directly owned 487,375 shares of the company’s stock, valued at approximately C$8,699,643.75. This trade 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 bought 5,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$18.78 per share, for a total transaction of C$93,900.00.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$17.48 on Thursday. The firm has a market capitalization of C$21.27 billion, a P/E ratio of 13.76, a PEG ratio of -0.33 and a beta of 0.29. Whitecap Resources Inc. has a 1 year low of C$10.26 and a 1 year 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. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share for the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. The business had revenue of C$2.14 billion for the quarter. On average, equities analysts anticipate that Whitecap Resources Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. ATB Cormark Capital Markets increased their target price on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Desjardins boosted their price target 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. TD upped their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Canaccord Genuity Group raised their price objective on Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Finally, National Bank Financial lifted their target price on Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a 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 stock. According to MarketBeat, Whitecap Resources currently has a consensus rating of “Buy” and a consensus target price of C$20.50.

About Whitecap Resources

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.