Several other research analysts have also recently issued reports on WCP. Royal Bank Of Canada reaffirmed an outperform rating and set a C$15.00 target price on shares of Whitecap Resources in a research report on Wednesday, October 5th. Canaccord Genuity began coverage on Whitecap Resources in a research report on Wednesday, July 27th. They set a buy rating and a C$12.50 target price on the stock. National Bank Financial cut their target price on Whitecap Resources from C$15.00 to C$13.50 in a research report on Wednesday, August 3rd. TD Securities cut their target price on Whitecap Resources from C$14.50 to C$14.00 and set an action list buy rating on the stock in a research report on Friday, August 5th. Finally, CIBC began coverage on Whitecap Resources in a research report on Friday, July 8th. They set an outperform rating and a C$13.00 target price on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$13.22.
Whitecap Resources (TSE:WCP) opened at 11.54 on Tuesday. The firm’s 50-day moving average price is $10.41 and its 200-day moving average price is $9.83. Whitecap Resources has a 52-week low of $5.60 and a 52-week high of $13.28. The firm’s market cap is $4.24 billion.
About Whitecap Resources
Whitecap Resources Inc is engaged in the acquisition, development, optimization and production of crude oil and natural gas in western Canada. The Company is focused on providing sustainable monthly dividends and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets.
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