Whitecap Resources Inc. (TSE:WCP) had its price objective lowered by stock analysts at Royal Bank Of Canada from C$15.00 to C$12.00 in a research note issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price points to a potential upside of 25.79% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. National Bank Financial lowered their price target on Whitecap Resources from C$13.50 to C$12.00 in a report on Friday, June 23rd. TD Securities reaffirmed a “buy” rating and issued a C$14.00 price target on shares of Whitecap Resources in a report on Thursday, May 4th. Scotiabank reiterated an “outperform” rating and issued a C$15.00 price objective on shares of Whitecap Resources in a research note on Thursday, May 4th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$14.00 price objective on shares of Whitecap Resources in a research note on Thursday, April 20th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$13.92.

Whitecap Resources (TSE:WCP) traded down 4.19% during mid-day trading on Thursday, hitting $9.14. 1,058,721 shares of the stock were exchanged. The firm has a market cap of $3.37 billion and a P/E ratio of 14.42. The company has a 50 day moving average of $9.23 and a 200 day moving average of $10.14. Whitecap Resources has a 12-month low of $8.66 and a 12-month high of $12.90.

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In other news, insider Thanh Chan Kang bought 2,800 shares of the stock in a transaction on Friday, April 21st. The shares were bought at an average price of C$9.73 per share, with a total value of C$27,244.00. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction on Friday, April 21st. The stock was purchased at an average cost of C$9.76 per share, for a total transaction of C$97,600.00. Insiders acquired 40,800 shares of company stock valued at $379,114 in the last quarter.

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.

Stock Target Prices

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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