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 457,895 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 24.35% since April 11, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.
The move comes after 5 months positive chart setup for the $4.20B company. It was reported on Nov, 15 by Barchart.com. We have $14.44 PT which if reached, will make TSE:WCP worth $1.13B more.

Whitecap Resources Inc. (TSE:WCP) Ratings Coverage

Out of 7 analysts covering Whitecap Resources Inc. (TSE:WCP), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $18 is the highest target while $7.50 is the lowest. The $13.77 average target is 21.11% above today’s ($11.37) stock price. Whitecap Resources Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Whitecap Resources Inc. (TSE:WCP) earned “Buy” rating by TD Securities on Thursday, November 3. The stock has “Outperform” rating given by BMO Capital Markets on Thursday, January 14. The rating was maintained by Scotia Capital with “Outperform” on Thursday, November 3. The rating was initiated by IBC with “Outperform” on Friday, July 8. The stock has “” rating given by Raymond James on Monday, June 6. Barclays Capital downgraded Whitecap Resources Inc. (TSE:WCP) on Wednesday, January 20 to “Equal Weight” rating.

More news for Whitecap Resources Inc. (TSE:WCP) were recently published by: Reuters.com, which released: “BRIEF-Whitecap Resources Inc. announces $300 mln capital budget for 2017” on November 14, 2016. Seekingalpha.com‘s article titled: “Whitecap Resources: Emerging Strong From Oil’s Downturn” and published on May 17, 2016 is yet another important article.

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 $4.20 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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