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Barclays upped their target price on shares of Whitecap Resources (TSE:WCP) from C$18.00 to C$20.00 in a research note issued on Tuesday. Barclays’ price objective suggests a potential upside of 9.77% from the stock’s previous close.

Shares of Whitecap Resources (TSE:WCP) opened at 18.22 on Tuesday. Whitecap Resources has a 52-week low of $11.00 and a 52-week high of $18.63. The stock has a 50-day moving average of $16.31 and a 200-day moving average of $14.46. The company has a market cap of $4.460 billion and a P/E ratio of 18.10.

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

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

A number of other firms have also recently commented on WCP. Analysts at Canaccord Genuity raised their price target on shares of Whitecap Resources from C$17.50 to C$20.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$17.75.

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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