The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! About 171,244 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 21.35% since April 12, 2016 and is uptrending. It has outperformed by 16.67% the S&P500.
The move comes after 5 months negative chart setup for the $4.31B company. It was reported on Nov, 16 by Barchart.com. We have $10.48 PT which if reached, will make TSE:WCP worth $301.70M less.
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 22.18% above today’s ($11.27) stock price. Whitecap Resources Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, November 3 the stock rating was maintained by TD Securities with “Buy”. The stock of Whitecap Resources Inc. (TSE:WCP) has “Equal Weight” rating given on Wednesday, January 20 by Barclays Capital. The stock of Whitecap Resources Inc. (TSE:WCP) earned “” rating by Raymond James on Monday, June 6. As per Thursday, January 14, the company rating was initiated by BMO Capital Markets. IBC initiated the shares of WCP in a report on Friday, July 8 with “Outperform” rating. As per Thursday, November 3, the company rating was maintained by Scotia Capital.
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 $4.31 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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