Whitecap Resources Inc. (WCP) Rating Reiterated by Scotiabank
Whitecap Resources Inc. (TSE:WCP)‘s stock had its “outperform” rating reiterated by analysts at Scotiabank in a report issued on Tuesday. They currently have a C$14.50 price objective on the stock. Scotiabank’s target price suggests a potential upside of 28.66% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Desjardins set a C$11.50 target price on Whitecap Resources and gave the stock a “hold” rating in a report on Saturday, August 6th. FirstEnergy Capital raised their price objective on Whitecap Resources from C$13.25 to C$13.75 in a research note on Saturday, August 6th. National Bank Financial raised their price objective on Whitecap Resources from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Saturday, August 6th. Barclays PLC raised their price objective on Whitecap Resources from C$11.00 to C$12.00 in a research note on Friday, July 22nd. Finally, Haywood Securities set a C$14.00 price objective on Whitecap Resources and gave the company a “buy” rating in a research note on Saturday, August 6th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$13.35.
Shares of Whitecap Resources (TSE:WCP) opened at 11.27 on Tuesday. The company’s market cap is $4.15 billion. The stock has a 50 day moving average of $11.12 and a 200-day moving average of $10.27. Whitecap Resources has a 12 month low of $5.60 and a 12 month high of $12.04.
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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