Whitecap Resources Inc. (TSE:WCP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$15.00 price target on the stock. Royal Bank Of Canada’s price target points to a potential upside of 38.12% from the stock’s current price.
WCP has been the subject of several other research reports. AltaCorp Capital lifted their price objective on Whitecap Resources from C$13.25 to C$13.75 in a research note on Friday, September 9th. Barclays PLC raised their price target on Whitecap Resources from C$11.00 to C$12.00 in a research report on Friday, July 22nd. National Bank Financial decreased their price objective on Whitecap Resources from C$15.00 to C$13.50 in a report on Wednesday, August 3rd. FirstEnergy Capital lifted their price objective on Whitecap Resources from C$13.25 to C$13.75 in a report on Saturday, August 6th. Finally, TD Securities decreased their price objective on Whitecap Resources from C$14.50 to C$14.00 and set an “action list buy” rating on the stock in a report on Friday, August 5th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$13.15.
Shares of Whitecap Resources (TSE:WCP) traded up 2.67% during trading on Wednesday, reaching $11.15. The company’s stock had a trading volume of 618,194 shares. Whitecap Resources has a 12-month low of $5.60 and a 12-month high of $13.83. The stock’s 50-day moving average is $10.30 and its 200-day moving average is $9.73. The stock’s market cap is $4.10 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.
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.