Whitecap Resources (TSE:WCP) had its price objective raised by research analysts at BMO Capital Markets from C$12.50 to C$13.00 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 50.46% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. National Bank Financial boosted their price objective on Whitecap Resources from C$11.50 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Raymond James Financial boosted their price objective on Whitecap Resources from C$13.25 to C$14.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Barclays upped their target price on Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. Finally, CIBC reiterated an “outperform” rating and issued a C$12.50 target price on shares of Whitecap Resources in a report on Tuesday. Seven research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$13.10.
Whitecap Resources (WCP) opened at C$8.64 on Tuesday. Whitecap Resources has a 1-year low of C$8.42 and a 1-year high of C$12.90.
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.
What are top analysts saying about Whitecap Resources Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Whitecap Resources Inc. and related companies.