Whitecap Resources Inc. (WCP) PT Raised to C$11.00
Whitecap Resources Inc. (TSE:WCP) had its price objective upped by research analysts at Barclays PLC from C$10.00 to C$11.00 in a note issued to investors on Thursday. Barclays PLC’s price target indicates a potential upside of 15.30% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada decreased their target price on Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. National Bank Financial lifted their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James Financial, Inc. lifted their target price on Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$13.68.
Shares of Whitecap Resources (WCP) opened at C$9.54 on Thursday.
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In other news, Director Grant Bradley Fagerheim bought 12,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of C$8.94 per share, for a total transaction of C$107,280.00. 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, with a total value of C$42,300.00. In the last 90 days, insiders have acquired 25,000 shares of company stock valued at $220,540.
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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