Raymond James Financial, Inc. Increases Whitecap Resources Inc. (WCP) Price Target to C$14.00
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.
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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.
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