Whitecap Resources Inc. (TSE:WCP) had its target price lowered by research analysts at National Bank Financial from C$13.50 to C$12.00 in a note issued to investors on Friday. National Bank Financial’s target price would indicate a potential upside of 36.99% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$14.00 price objective on shares of Whitecap Resources in a research note on Tuesday, February 28th. Scotiabank restated an “outperform” rating and issued a C$14.50 price objective on shares of Whitecap Resources in a research note on Tuesday, February 28th. Finally, TD Securities restated a “buy” rating and issued a C$15.00 price objective on shares of Whitecap Resources in a research note on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$14.15.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Whitecap Resources (WCP) traded up 3.08% during mid-day trading on Friday, hitting $9.03. 566,445 shares of the stock traded hands. The stock’s 50 day moving average is $9.57 and its 200-day moving average is $10.54. Whitecap Resources has a 12 month low of $8.73 and a 12 month high of $12.90. The company has a market cap of $3.33 billion and a price-to-earnings ratio of 14.24.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/23/whitecap-resources-inc-wcp-price-target-cut-to-c12-00.html.

In other Whitecap Resources news, insider Joel Maxwell Armstrong bought 11,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were bought at an average cost of C$9.01 per share, for a total transaction of C$99,110.00. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the business’s stock in a transaction on Friday, April 21st. The shares were acquired at an average price of C$9.76 per share, for a total transaction of C$97,600.00. Over the last 90 days, insiders have acquired 40,800 shares of company stock worth $379,114.

About Whitecap Resources

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Receive News & Ratings for Whitecap Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.