Whitecap Resources Price Target Raised to C$20.00 (WCP)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.