Whitecap Resources Inc. (TSE:WCP) insider Thanh Chan Kang bought 10,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was bought at an average price of C$7.75 per share, with a total value of C$77,500.00.
Whitecap Resources Inc. (WCP) traded up C$0.24 during midday trading on Friday, hitting C$7.94. The stock had a trading volume of 1,986,922 shares, compared to its average volume of 1,815,261. The stock has a market cap of $3,220.00, a PE ratio of -24.81 and a beta of 1.05. Whitecap Resources Inc. has a fifty-two week low of C$7.40 and a fifty-two week high of C$10.66.
The company also recently announced a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 16th will be paid a dividend of $0.0257 per share. This represents a $0.31 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, March 28th. Whitecap Resources’s payout ratio is -87.75%.
Several analysts have issued reports on the company. Barclays upped their target price on Whitecap Resources from C$11.00 to C$12.00 in a report on Wednesday, January 17th. National Bank Financial upped their target price on Whitecap Resources from C$13.00 to C$14.50 and gave the company an “outperform” rating in a report on Tuesday, January 9th. BMO Capital Markets upped their target price on Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, December 5th. CIBC reiterated an “outperform” rating and set a C$12.50 price target on shares of Whitecap Resources in a report on Tuesday, December 5th. Finally, TD Securities increased their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$13.08.
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Whitecap Resources Company Profile
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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