Whitecap Resources (WCP) PT Raised to C$14.50
Whitecap Resources (TSE:WCP) had its price objective hoisted by National Bank Financial from C$13.00 to C$14.50 in a report released on Tuesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 58.99% from the company’s current price.
Several other analysts have also recently commented on the company. Needham & Company LLC restated an “outperform” rating and issued a C$13.00 target price on shares of Whitecap Resources in a research report on Friday, December 15th. Raymond James Financial raised their target price on Whitecap Resources from C$13.25 to C$14.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. TD Securities raised their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. CIBC restated an “outperform” rating and issued a C$12.50 target price on shares of Whitecap Resources in a research report on Tuesday, December 5th. Finally, Barclays raised their target price on Whitecap Resources from C$10.00 to C$11.00 in a research report on Thursday, November 2nd. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of C$13.11.
Whitecap Resources (WCP) traded up C$0.11 on Tuesday, reaching C$9.12. The company had a trading volume of 1,830,884 shares, compared to its average volume of 1,338,630. Whitecap Resources has a 12-month low of C$8.31 and a 12-month high of C$12.18. The firm has a market cap of $3,810.00, a PE ratio of 11.40 and a beta of 1.03.
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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