Whitecap Resources Inc. (TSE:WCP) had its price target upped by research analysts at Raymond James Financial, Inc. from C$13.00 to C$13.25 in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 43.09% from the stock’s current price.
WCP has been the topic of a number of other reports. Royal Bank Of Canada reduced their price target on shares of Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. Barclays PLC reduced their price target on shares of Whitecap Resources from C$13.00 to C$10.00 in a research report on Monday, July 24th. Finally, National Bank Financial reduced their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$13.68.
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In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of C$8.87 per share, with a total value of C$70,960.00. Also, insider Jeffery Byron Zdunich purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of C$8.46 per share, with a total value of C$42,300.00. Insiders purchased 25,000 shares of company stock valued at $220,540 in the last ninety days.
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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