The stock of Whitecap Resources Inc. (TSE:WCP) hit a new 52-week high and has $13.08 target or 6.00% above today’s $12.34 share price. The 8 months bullish chart indicates low risk for the $5.19B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $13.08 price target is reached, the company will be worth $311.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 715,729 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 22.90% since April 27, 2016 and is uptrending. It has outperformed by 16.97% the S&P500.
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 10.45% above today’s ($12.34) stock price. Whitecap Resources Inc. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Whitecap Resources Inc. (TSE:WCP) earned “” rating by Raymond James on Monday, June 6. The company was initiated on Thursday, January 14 by BMO Capital Markets. The company was maintained on Thursday, November 3 by TD Securities. The rating was downgraded by Barclays Capital to “Equal Weight” on Wednesday, January 20. The stock of Whitecap Resources Inc. (TSE:WCP) earned “Outperform” rating by IBC on Friday, July 8. Scotia Capital maintained the shares of WCP in a report on Thursday, November 3 with “Outperform” rating.
Another recent and important Whitecap Resources Inc. (TSE:WCP) news was published by Seekingalpha.com which published an article titled: “Whitecap Resources: Emerging Strong From Oil’s Downturn” on May 17, 2016.
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 $5.19 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.