Can Whitecap Resources Inc.’s Tomorrow Be Different? The Stock Increases Again

 Can Whitecap Resources Inc.'s Tomorrow Be Different? The Stock Increases Again

The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! About 402,968 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 40.62% since March 11, 2016 and is uptrending. It has outperformed by 35.13% the S&P500.
The move comes after 8 months positive chart setup for the $4.21B company. It was reported on Oct, 18 by Barchart.com. We have $19.01 PT which if reached, will make TSE:WCP worth $2.78B more.

Whitecap Resources Inc. (TSE:WCP) Ratings Coverage

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. $18 is the highest target while $7.50 is the lowest. The $13.89 average target is 21.31% above today’s ($11.45) stock price. Whitecap Resources Inc. has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Raymond James maintained the stock with “” rating in Monday, June 6 report. IBC initiated the stock with “Outperform” rating in Friday, July 8 report. The rating was initiated by BMO Capital Markets on Thursday, January 14 with “Outperform”. The firm earned “Equal Weight” rating on Wednesday, January 20 by Barclays Capital.

More recent Whitecap Resources Inc. (TSE:WCP) news were published by: Seekingalpha.com which released: “Whitecap Resources: Emerging Strong From Oil’s Downturn” on May 17, 2016. Also Seekingalpha.com published the news titled: “Whitecap Resources’ Latest Acquisition Boosts Production” on March 21, 2016. Seekingalpha.com‘s news article titled: “Whitecap Resources Reduces Dividend, Cuts And Covers Capex” with publication date: January 26, 2016 was also an interesting one.

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 $4.21 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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