Whitecap Resources Inc. (WCP) Price Target Cut to C$11.50

Whitecap Resources Inc. (TSE:WCP) had its price target decreased by research analysts at National Bank Financial from C$12.00 to C$11.50 in a report released on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 25.96% from the company’s current price.

Several other equities analysts have also issued reports on WCP. Royal Bank Of Canada dropped their target price on shares of Whitecap Resources from C$15.00 to C$12.00 in a report on Thursday, July 20th. Barclays PLC dropped their price objective on shares of Whitecap Resources from C$13.00 to C$10.00 in a report on Monday, July 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$13.60.

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

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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