Raymond James Financial, Inc. Boosts Whitecap Resources Inc. (WCP) Price Target to C$14.00
Whitecap Resources Inc. (TSE:WCP) had its price objective upped by Raymond James Financial, Inc. from C$13.25 to C$14.00 in a report issued on Tuesday morning. They currently have an outperform rating on the stock.
Several other research analysts also recently issued reports on WCP. Royal Bank Of Canada cut their price target on Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. Barclays PLC cut their price target on Whitecap Resources from C$13.00 to C$10.00 in a research note on Monday, July 24th. Finally, National Bank Financial cut their price target on Whitecap Resources from C$12.00 to C$11.50 and set an outperform rating for the company in a research note on Friday, October 13th. Five investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of C$13.75.
Whitecap Resources (TSE:WCP) opened at C$8.97 on Tuesday. Whitecap Resources has a one year low of C$8.42 and a one year high of C$12.90.
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In related news, Director Grant Bradley Fagerheim acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was 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 acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of C$8.46 per share, with a total value of C$42,300.00.
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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