Whitecap Resources Inc. (TSE:WCP) had its price objective raised by Raymond James Financial, Inc. from C$13.25 to C$14.00 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 51.35% from the stock’s current price.

Several other research firms have also recently commented on WCP. Royal Bank Of Canada decreased their price target on shares of Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. National Bank Financial increased their price target on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Barclays PLC increased their price target on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Whitecap Resources has a consensus rating of “Buy” and an average target price of C$13.75.

Shares of Whitecap Resources (TSE WCP) traded up C$0.14 during trading on Tuesday, reaching C$9.25. 3,005,463 shares of the company’s stock traded hands, compared to its average volume of 1,338,100. Whitecap Resources has a 1 year low of C$8.42 and a 1 year high of C$12.90.

TRADEMARK VIOLATION WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/14/raymond-james-financial-inc-increases-whitecap-resources-inc-wcp-price-target-to-c14-00.html.

In related news, Director Grant Bradley Fagerheim acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of C$8.87 per share, for a total transaction of C$70,960.00. Also, insider Jeffery Byron Zdunich acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of C$8.46 per share, for a total transaction of C$42,300.00.

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.