Whitecap Resources Inc. (TSE:WCP) had its price objective lifted by equities researchers at Raymond James Financial, Inc. from C$13.25 to C$14.00 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target points to a potential upside of 55.90% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada cut their price objective on Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. National Bank Financial boosted their price objective on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barclays PLC boosted their price objective on Whitecap Resources from C$10.00 to C$11.00 in a research report on Thursday, November 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$13.75.

Whitecap Resources (WCP) opened at C$8.98 on Tuesday. Whitecap Resources has a 52 week low of C$8.42 and a 52 week high of C$12.90.

TRADEMARK VIOLATION WARNING: “Raymond James Financial, Inc. Increases Whitecap Resources Inc. (WCP) Price Target to C$14.00” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/16/raymond-james-financial-inc-increases-whitecap-resources-inc-wcp-price-target-to-c14-00.html.

In other news, insider Jeffery Byron Zdunich acquired 5,000 shares of Whitecap Resources stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of C$8.46 per share, with a total value of C$42,300.00. Also, Director Grant Bradley Fagerheim acquired 8,000 shares of Whitecap Resources stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of C$8.87 per share, for a total transaction of C$70,960.00.

Whitecap Resources Company Profile

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Receive News & Stock Ratings for Whitecap Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources Inc. and related stocks with our FREE daily email newsletter.