Is Whitecap Resources Inc. a Sell? The Stock Declines Again


The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! About 2.03 million shares traded hands or 20.12% up from the average. Whitecap Resources Inc. (TSE:WCP) has risen 51.29% since February 5, 2016 and is uptrending. It has outperformed by 34.80% the S&P500.
The move comes after 7 months negative chart setup for the $3.77B company. It was reported on Sep, 13 by We have $9.47 PT which if reached, will make TSE:WCP worth $263.90M less.

Out of 5 analysts covering Whitecap Resources Inc. (TSE:WCP), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Whitecap Resources Inc. has been the topic of 16 analyst reports since September 23, 2015 according to StockzIntelligence Inc.

Whitecap Resources Inc. is engaged in the acquisition, development, optimization and production of natural gas and crude oil in western Canada. The company has a market cap of $3.77 billion. The Firm is focused on providing sustainable monthly dividends and per share growth through a combination of accretive oil acquisitions and organic growth on existing and acquired assets. It currently has negative earnings. It has activities in Alberta, Saskatchewan and British Columbia.

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