Whitecap Resources Inc. (TSE:WCP) had its price target lowered by research analysts at National Bank Financial from C$12.00 to C$11.50 in a research note issued on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 25.96% from the stock’s current price.

Several other brokerages have also commented on WCP. Royal Bank Of Canada dropped their price objective on Whitecap Resources from C$15.00 to C$12.00 in a report on Thursday, July 20th. Barclays PLC dropped their price objective on Whitecap Resources from C$13.00 to C$10.00 in a report on Monday, July 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$13.60.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/13/national-bank-financial-lowers-whitecap-resources-inc-wcp-price-target-to-c11-50.html.

In other news, Director Grant Bradley Fagerheim purchased 8,000 shares of the stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of C$8.87 per share, with a total value of C$70,960.00. Also, insider Jeffery Byron Zdunich purchased 5,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of C$8.46 per share, for a total transaction of C$42,300.00. Insiders bought 25,000 shares of company stock worth $220,540 over the last ninety days.

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.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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.