Raymond James Financial, Inc. Increases Whitecap Resources Inc. (WCP) Price Target to C$14.00
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.
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.
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