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Research analysts at Canaccord Genuity lifted their price target on shares of Whitecap Resources (TSE:WCP) from C$17.50 to C$20.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 16.21% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at FirstEnergy Capital raised their price target on shares of Whitecap Resources from C$19.00 to C$19.50 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Whitecap Resources from C$19.00 to C$19.25 in a research note on Friday, August 8th. They now have a “sector outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Whitecap Resources from C$17.00 to C$18.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Nine investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$17.58.

Whitecap Resources (TSE:WCP) traded up 7.09% during mid-day trading on Thursday, hitting $18.43. The stock had a trading volume of 3,933,905 shares. Whitecap Resources has a 52 week low of $11.00 and a 52 week high of $17.26. The stock’s 50-day moving average is $16.1 and its 200-day moving average is $14.2. The company has a market cap of $4.512 billion and a P/E ratio of 17.04.

Whitecap Resources (TSE:WCP) last announced its earnings results on Friday, August 8th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.68.

The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Sunday, August 31st will be given a dividend of $0.0625 per share.

Whitecap Resources Inc is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids in Western Canada.

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