Whitecap Resources Inc. (WCP) Price Target Raised to C$12.00

Whitecap Resources Inc. (TSE:WCP) had its price objective upped by analysts at National Bank Financial from C$11.50 to C$12.00 in a report released on Thursday, November 2nd. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 27.25% from the company’s current price.

A number of other analysts also recently issued reports on the company. Barclays PLC decreased their price target on Whitecap Resources from C$13.00 to C$10.00 in a report on Monday, July 24th. Royal Bank Of Canada cut their target price on Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. lifted their target price on Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$13.68.

Whitecap Resources (TSE:WCP) traded up C$0.05 during trading hours on Thursday, reaching C$9.43. The company had a trading volume of 960,616 shares, compared to its average volume of 1,337,569. Whitecap Resources has a 52-week low of C$8.42 and a 52-week high of C$12.90.

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In other Whitecap Resources news, insider Jeffery Byron Zdunich purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of C$8.46 per share, for a total transaction of C$42,300.00. Also, Director Grant Bradley Fagerheim purchased 8,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of C$8.87 per share, with a total value of C$70,960.00. Insiders have bought a total of 25,000 shares of company stock worth $220,540 in the last three months.

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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