Whitecap Resources Inc. (TSE:WCP) has been given a C$14.00 target price by research analysts at Raymond James Financial, Inc. in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would suggest a potential upside of 41.70% from the company’s current price.
A number of other analysts have also commented on the company. Barclays PLC decreased their target price on Whitecap Resources from C$14.00 to C$13.00 in a research report on Monday, January 23rd. TD Securities reaffirmed a “buy” rating and issued a C$15.00 target price on shares of Whitecap Resources in a research report on Wednesday, March 8th. Scotiabank boosted their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, March 8th. CIBC boosted their price objective on Whitecap Resources from C$13.50 to C$15.00 in a report on Wednesday, January 25th. Finally, BMO Capital Markets boosted their price objective on Whitecap Resources from C$13.00 to C$16.00 in a report on Wednesday, December 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$14.30.
Whitecap Resources (TSE:WCP) traded up 1.21% during midday trading on Thursday, reaching $10.00. The company had a trading volume of 442,308 shares. The stock has a 50-day moving average price of $10.29 and a 200 day moving average price of $11.06. Whitecap Resources has a 12-month low of $8.60 and a 12-month high of $12.90. The company has a market capitalization of $3.69 billion and a PE ratio of 20.00.
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In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 6,000 shares of Whitecap Resources stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of C$10.09 per share, with a total value of C$60,540.00. Also, insider Jeffery Byron Zdunich bought 5,600 shares of Whitecap Resources stock in a transaction dated Tuesday, March 21st. The stock was acquired at an average cost of C$9.85 per share, with a total value of C$55,160.00. Over the last ninety days, insiders bought 73,511 shares of company stock valued at $179,007.
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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