Whitecap Resources Inc. (TSE:WCP) had its target price hoisted by Desjardins from C$11.50 to C$12.00 in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential upside of 4.53% from the stock’s previous close.

A number of other research firms have also issued reports on WCP. Canaccord Genuity increased their price target on shares of Whitecap Resources from C$12.50 to C$13.00 in a research report on Friday, October 21st. National Bank Financial reissued an “outperfrom under weight” rating on shares of Whitecap Resources in a research report on Monday. Clarus Securities reissued a “buy” rating on shares of Whitecap Resources in a research report on Tuesday. Barclays PLC increased their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Tuesday, October 11th. Finally, TD Securities raised shares of Whitecap Resources to a “buy” rating and set a C$14.00 price target for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Whitecap Resources has an average rating of “Buy” and a consensus price target of C$13.35.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Shares of Whitecap Resources (TSE:WCP) traded down 1.83% on Wednesday, hitting $11.27. 785,950 shares of the stock traded hands. The stock has a 50-day moving average price of $11.08 and a 200 day moving average price of $10.26. The stock’s market cap is $4.15 billion. Whitecap Resources has a 12-month low of $5.60 and a 12-month high of $12.04.

About Whitecap Resources

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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