Whitecap Resources (WCP) Price Target Raised to C$14.50

Whitecap Resources (TSE:WCP) had its price target upped by National Bank Financial from C$13.00 to C$14.50 in a research note issued to investors on Tuesday. National Bank Financial currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on WCP. Barclays raised their target price on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. Raymond James Financial raised their target price on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the company an outperform rating in a research note on Thursday, November 2nd. TD Securities raised their target price on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the company a buy rating in a research note on Tuesday, December 5th. BMO Capital Markets raised their target price on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the company an outperform rating in a research note on Tuesday, December 5th. Finally, CIBC reaffirmed an outperform rating and set a C$12.50 target price on shares of Whitecap Resources in a research note on Tuesday, December 5th. Seven equities research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of C$13.11.

Whitecap Resources (WCP) opened at C$9.55 on Tuesday. The firm has a market cap of $3,990.00, a price-to-earnings ratio of 11.94 and a beta of 1.03. Whitecap Resources has a 52 week low of C$8.31 and a 52 week high of C$11.54.

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.023 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.89%. Whitecap Resources’s payout ratio is currently 34.95%.

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,200 shares of the company’s stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of C$8.91 per share, with a total value of C$90,882.00.

COPYRIGHT VIOLATION WARNING: This piece was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/01/12/whitecap-resources-wcp-price-target-raised-to-c14-50.html.

Whitecap Resources Company Profile

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply