Whitecap Resources Inc. (TSE:WCP) Receives Average Recommendation of “Buy” from Brokerages
Shares of Whitecap Resources Inc. (TSE:WCP) have been given an average rating of “Buy” by the seventeen analysts that are presently covering the stock. One analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$13.15.
A number of brokerages recently commented on WCP. Desjardins set a C$11.50 price target on Whitecap Resources and gave the stock a “hold” rating in a research report on Saturday, August 6th. Scotiabank restated an “outperform” rating and issued a C$14.50 price target on shares of Whitecap Resources in a research report on Friday, August 5th. FirstEnergy Capital raised their price target on Whitecap Resources from C$13.25 to C$13.75 in a research report on Saturday, August 6th. National Bank Financial raised their price target on Whitecap Resources from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Saturday, August 6th. Finally, Barclays PLC raised their price target on Whitecap Resources from C$11.00 to C$12.00 in a research report on Friday, July 22nd.
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Shares of Whitecap Resources (TSE:WCP) traded up 0.80% during mid-day trading on Wednesday, hitting $10.03. The stock had a trading volume of 777,100 shares. Whitecap Resources has a 1-year low of $5.60 and a 1-year high of $13.83. The firm’s market capitalization is $3.69 billion. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $9.56.
Whitecap Resources Company Profile
Whitecap Resources Inc is engaged in the acquisition, development, optimization and production of crude oil and natural gas in western Canada. The Company is focused on providing sustainable monthly dividends and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets.
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