Today: The Whitecap Resources Inc. (WCP) Given Average Rating of “Buy” by Analysts

The Whitecap Resources Inc. (WCP) Given Average Rating of “Buy” by Analysts

Whitecap Resources Inc. (TSE:WCP) has earned an average rating of “Buy” from the sixteen research firms that are currently covering the stock. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$13.25.

Several research analysts recently weighed in on WCP shares. Canaccord Genuity started coverage on shares of Whitecap Resources in a research report on Wednesday, July 27th. They issued a “buy” rating and a C$12.50 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and issued a C$15.00 price objective on shares of Whitecap Resources in a research report on Wednesday, October 5th. National Bank Financial boosted their price objective on shares of Whitecap Resources from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Saturday, August 6th. Barclays PLC boosted their price objective on shares of Whitecap Resources from C$11.00 to C$12.00 in a research report on Friday, July 22nd. Finally, CIBC started coverage on shares of Whitecap Resources in a research report on Friday, July 8th. They issued an “outperform” rating and a C$13.00 price objective for the company.

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