Whitecap Resources (WCP) Receives “Outperform” Rating from Needham & Company LLC
Needham & Company LLC reissued their outperform rating on shares of Whitecap Resources (TSE:WCP) in a research report report published on Friday morning. Needham & Company LLC currently has a C$13.00 price target on the stock.
Other analysts also recently issued reports about the company. Barclays raised their target price on Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. National Bank Financial lowered their target price 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. TD Securities raised their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a buy rating in a research note on Tuesday, December 5th. Raymond James Financial raised their target price on Whitecap Resources from C$13.00 to C$13.25 and gave the company an outperform rating in a research note on Thursday, November 2nd. Finally, BMO Capital Markets raised their target price on Whitecap Resources from C$12.50 to C$13.00 and gave the company an outperform rating in a research note on Tuesday, December 5th. Eight investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of C$13.09.
Shares of Whitecap Resources (TSE:WCP) traded down C$0.06 during trading on Friday, hitting C$8.35. The stock had a trading volume of 1,977,322 shares, compared to its average volume of 1,360,626. Whitecap Resources has a 12 month low of C$8.32 and a 12 month high of C$12.76.
In related news, Director Grant Bradley Fagerheim purchased 10,200 shares of Whitecap Resources stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of C$8.91 per share, with a total value of C$90,882.00.
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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