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.

TRADEMARK VIOLATION WARNING: “Whitecap Resources’ (WCP) “Outperform” Rating Reiterated at CIBC” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/05/whitecap-resources-wcp-given-a-c12-50-price-target-at-cibc.html.

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.