Barclays PLC Raises Whitecap Resources Inc. (WCP) Price Target to C$11.00

Whitecap Resources Inc. (TSE:WCP) had its target price upped by Barclays PLC from C$10.00 to C$11.00 in a report issued on Thursday morning.

WCP has been the topic of several other reports. Royal Bank Of Canada decreased their price target on shares of Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. National Bank Financial lifted their price target on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an outperform rating in a research note on Thursday. Finally, Raymond James Financial, Inc. lifted their price target on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the stock an outperform rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Whitecap Resources presently has a consensus rating of Buy and a consensus target price of C$13.68.

Whitecap Resources (TSE WCP) opened at C$9.54 on Thursday. Whitecap Resources has a one year low of C$8.41 and a one year high of C$12.90.

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The company also recently announced a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.023 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, September 28th.

In other news, Director Grant Bradley Fagerheim bought 8,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of C$8.87 per share, for a total transaction of C$70,960.00. Also, insider Jeffery Byron Zdunich bought 5,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of C$8.46 per share, for a total transaction of C$42,300.00. Insiders bought 25,000 shares of company stock worth $220,540 in the last 90 days.

Whitecap Resources Company Profile

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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