Clarus Securities reiterated their buy rating on shares of Whitecap Resources Inc. (TSE:WCP) in a research report released on Tuesday.

Several other equities analysts have also weighed in on WCP. Haywood Securities set a C$14.00 price objective on shares of Whitecap Resources and gave the company a buy rating in a research report on Saturday, August 6th. National Bank Financial raised their price objective on shares of 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. FirstEnergy Capital raised their price objective on shares of Whitecap Resources from C$13.25 to C$13.75 in a research report on Saturday, August 6th. Desjardins set a C$11.50 price target on shares of Whitecap Resources and gave the company a hold rating in a research report on Saturday, August 6th. Finally, Canaccord Genuity lifted their price target on shares of Whitecap Resources from C$12.50 to C$13.00 in a research report on Friday, October 21st. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$13.35.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Whitecap Resources (TSE:WCP) opened at 11.05 on Tuesday. The firm’s 50-day moving average is $11.13 and its 200-day moving average is $10.28. The company’s market capitalization is $4.07 billion. Whitecap Resources has a 1-year low of $5.60 and a 1-year 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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