Whitecap Resources Inc. (WCP) PT Raised to C$13.00
Whitecap Resources Inc. (TSE:WCP) had its price target upped by research analysts at Barclays PLC from C$12.00 to C$13.00 in a research note issued on Tuesday. Barclays PLC’s target price indicates a potential upside of 14.24% from the stock’s current price.
A number of other brokerages also recently issued reports on WCP. AltaCorp Capital upped their price target on Whitecap Resources from C$13.25 to C$13.75 in a report on Friday, September 9th. FirstEnergy Capital upped their price target on Whitecap Resources from C$13.25 to C$13.75 in a report on Saturday, August 6th. National Bank Financial lowered their price target on Whitecap Resources from C$15.00 to C$13.50 in a report on Wednesday, August 3rd. TD Securities lowered their price target on Whitecap Resources from C$14.50 to C$14.00 and set an “action list buy” rating on the stock in a report on Friday, August 5th. Finally, Haywood Securities set a C$14.00 price target on Whitecap Resources and gave the company a “buy” rating in a report on Saturday, August 6th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$13.22.
Whitecap Resources (TSE:WCP) traded up 0.26% on Tuesday, reaching $11.41. The company’s stock had a trading volume of 1,415,496 shares. Whitecap Resources has a one year low of $5.60 and a one year high of $13.28. The stock has a 50-day moving average of $10.37 and a 200-day moving average of $9.82. The stock’s market cap is $4.19 billion.
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About Whitecap Resources
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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