Whitecap Resources (TSE:WCP) had its target price increased by research analysts at TD Securities from C$12.00 to C$13.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 47.39% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James Financial upped their price objective on shares of Whitecap Resources from C$13.25 to C$14.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. National Bank Financial lowered their price objective on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Friday, October 13th. BMO Capital Markets upped their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays upped their price objective on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. Finally, CIBC set a C$12.50 price objective on shares of Whitecap Resources and gave the stock an “outperform” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a buy rating, Whitecap Resources presently has a consensus rating of “Buy” and an average target price of C$13.10.

Shares of Whitecap Resources (WCP) traded down C$0.09 on Tuesday, hitting C$8.82. 2,232,242 shares of the stock were exchanged, compared to its average volume of 1,357,577. Whitecap Resources has a 1 year low of C$8.42 and a 1 year high of C$12.90.

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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)

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