Could Whitecap Resources Inc. Decline After Today’s Huge Increase?

 Could Whitecap Resources Inc. Decline After Today's Huge Increase?

The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! About 366,738 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 39.58% since March 28, 2016 and is uptrending. It has outperformed by 36.57% the S&P500.
The move comes after 9 months positive chart setup for the $3.97 billion company. It was reported on Nov, 1 by Barchart.com. We have $13.01 PT which if reached, will make TSE:WCP worth $794.00M 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 $13.80 average target is 27.31% above today’s ($10.84) stock price. Whitecap Resources Inc. has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC initiated Whitecap Resources Inc. (TSE:WCP) on Friday, July 8 with “Outperform” rating. The firm has “” rating by Raymond James given on Monday, June 6. Barclays Capital downgraded Whitecap Resources Inc. (TSE:WCP) on Wednesday, January 20 to “Equal Weight” rating. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, January 14.

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. Marketwired.com‘s news article titled: “Whitecap Resources Inc. Announces Acquisition of High Quality Low Decline Oil …” with publication date: May 10, 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 $3.97 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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