Whitecap Resources’ (WCP) “Outperform” Rating Reiterated at CIBC
Whitecap Resources (TSE:WCP)‘s stock had its “outperform” rating restated by investment analysts at CIBC in a research report issued on Tuesday. They presently have a C$12.50 price target on the stock. CIBC’s target price would suggest a potential upside of 41.72% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Barclays boosted their price objective on Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. National Bank Financial cut their price objective on 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. Finally, Raymond James Financial boosted their price objective on Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of C$13.10.
Whitecap Resources (TSE WCP) traded down C$0.09 during trading hours on Tuesday, reaching C$8.82. The company’s stock had a trading volume of 2,232,242 shares, compared to its average volume of 1,357,577. Whitecap Resources has a 52 week low of C$8.42 and a 52 week 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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