Whitecap Resources Inc (TSE:WCP) Senior Officer Acquires C$28,041.60 in Stock

Whitecap Resources Inc (TSE:WCP) Senior Officer Thanh Chan Kang purchased 5,520 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of C$5.08 per share, for a total transaction of C$28,041.60. Following the purchase, the insider now directly owns 502,868 shares of the company’s stock, valued at approximately C$2,554,569.44.

TSE WCP traded down C$0.10 during trading hours on Friday, reaching C$4.52. The stock had a trading volume of 2,133,152 shares, compared to its average volume of 2,441,794. The firm has a market cap of $1.96 billion and a P/E ratio of 107.62. Whitecap Resources Inc has a 52-week low of C$3.80 and a 52-week high of C$9.67. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 42.76.

Whitecap Resources (TSE:WCP) last issued its earnings results on Thursday, February 28th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$272.40 million during the quarter. As a group, research analysts expect that Whitecap Resources Inc will post 0.48 earnings per share for the current year.

A number of brokerages have recently weighed in on WCP. Raymond James restated a “strong-buy” rating and set a C$8.50 price target on shares of Whitecap Resources in a research note on Thursday, May 2nd. National Bank Financial upped their target price on Whitecap Resources from C$8.00 to C$9.50 in a research report on Monday, April 8th.

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About Whitecap Resources

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan. Whitecap Resources Inc is headquartered in Calgary, Canada.

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