Whitecap Resources Inc. (WCP) PT Raised to C$13.00
Whitecap Resources Inc. (TSE:WCP) had its target price hoisted by Barclays PLC from C$12.00 to C$13.00 in a note issued to investors on Tuesday. Barclays PLC’s price objective points to a potential upside of 14.24% from the company’s current price.
Several other brokerages have also recently weighed in on WCP. Canaccord Genuity assumed coverage on Whitecap Resources in a research note on Wednesday, July 27th. They set a “buy” rating and a C$12.50 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$15.00 target price on shares of Whitecap Resources in a research report on Wednesday, October 5th. National Bank Financial raised their target price on Whitecap Resources from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Saturday, August 6th. CIBC assumed coverage on Whitecap Resources in a research report on Friday, July 8th. They set an “outperform” rating and a C$13.00 target price for the company. Finally, TD Securities lowered Whitecap Resources from an “action list buy” rating to a “buy” rating and set a C$14.00 target price for the company. in a research report on Monday, September 12th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$13.22.
Whitecap Resources (TSE:WCP) traded up 0.26% during midday trading on Tuesday, reaching $11.41. 1,415,496 shares of the company traded hands. Whitecap Resources has a one year low of $5.60 and a one year high of $13.28. The firm has a 50-day moving average price of $10.37 and a 200-day moving average price of $9.82. The firm’s market capitalization is $4.19 billion.
Whitecap Resources Company Profile
Whitecap Resources Inc is engaged in the acquisition, development, optimization and production of crude oil and natural gas in western Canada. The Company is focused on providing sustainable monthly dividends and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets.
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