Whitecap Resources Inc. (TSE:WCP) Insider Acquires C$77,500.00 in Stock

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.

Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

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