Whitecap Resources Inc. Stock Is Crashing Now

 Whitecap Resources Inc. Stock Is Crashing Now

The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! About 176,399 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 12.05% since April 25, 2016 and is uptrending. It has outperformed by 6.79% the S&P500.
The move comes after 6 months negative chart setup for the $3.79B company. It was reported on Nov, 29 by Barchart.com. We have $9.80 PT which if reached, will make TSE:WCP worth $303.20M less.

Whitecap Resources Inc. (TSE:WCP) Ratings Coverage

Out of 8 analysts covering Whitecap Resources Inc. (TSE:WCP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $18 is the highest target while $7.50 is the lowest. The $13.63 average target is 27.98% above today’s ($10.65) stock price. Whitecap Resources Inc. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating given on Wednesday, January 20 by Barclays Capital. Scotia Capital maintained the shares of WCP in a report on Thursday, November 3 with “Outperform” rating. The firm has “Outperform” rating given on Friday, July 8 by IBC. Raymond James maintained the stock with “” rating in Monday, June 6 report. On Thursday, November 3 the stock rating was maintained by TD Securities with “Buy”. On Thursday, January 14 the stock rating was initiated by BMO Capital Markets with “Outperform”.

More news for Whitecap Resources Inc. (TSE:WCP) were recently published by: Seekingalpha.com, which released: “Whitecap Resources: Emerging Strong From Oil’s Downturn” on May 17, 2016. Reuters.com‘s article titled: “BRIEF-Whitecap Resources Inc. announces $300 mln capital budget for 2017” and published on November 14, 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 $3.79 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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