Today Whitecap Resources Inc. Stock Crashes

 Today Whitecap Resources Inc. Stock Crashes

The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! The stock decreased 1.94% or $0.21 on November 2, hitting $10.63. About 1.22M shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 42.63% since March 29, 2016 and is uptrending. It has outperformed by 40.11% the S&P500.
The move comes after 8 months negative chart setup for the $3.95B company. It was reported on Nov, 2 by Barchart.com. We have $9.89 PT which if reached, will make TSE:WCP worth $276.50M less.

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. Whitecap Resources Inc. has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Raymond James maintained the stock with “” rating in Monday, June 6 report. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, January 20. BMO Capital Markets initiated Whitecap Resources Inc. (TSE:WCP) on Thursday, January 14 with “Outperform” rating. The firm earned “Outperform” rating on Friday, July 8 by IBC.

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 Marketwired.com published the news titled: “Whitecap Resources Inc. Announces Acquisition of High Quality Low Decline Oil …” on May 10, 2016. Seekingalpha.com‘s news article titled: “Whitecap Resources’ Latest Acquisition Boosts Production” with publication date: March 21, 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 $3.95 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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