Whitecap Resources (TSE:WCP) had its target price increased by equities research analysts at BMO Capital Markets from C$12.50 to C$13.00 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 47.39% from the company’s previous close.

A number of other brokerages have also recently commented on WCP. 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. National Bank Financial raised their price objective on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Barclays raised 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, Raymond James Financial raised their price objective on shares of 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 investment analysts have rated the stock with a buy rating, The company 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 during midday trading 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 twelve month low of C$8.42 and a twelve month 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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