Whitecap Resources (WCP) Price Target Raised to C$13.00 at TD Securities

Whitecap Resources (TSE:WCP) had its price objective raised by TD Securities from C$12.00 to C$13.00 in a research note released on Tuesday morning. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Barclays raised their price target on shares of Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. BMO Capital Markets raised their price target on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an outperform rating in a report on Tuesday. CIBC reaffirmed an outperform rating and set a C$12.50 target price on shares of Whitecap Resources in a research note on Tuesday. Raymond James Financial lifted their target price on shares of Whitecap Resources from C$13.25 to C$14.00 and gave the company an outperform rating in a research note on Tuesday, November 14th. Finally, National Bank Financial lifted their target price on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a buy rating, Whitecap Resources has an average rating of Buy and an average target price of C$13.10.

Shares of Whitecap Resources (TSE:WCP) opened at C$8.84 on Tuesday. Whitecap Resources has a twelve month low of C$8.42 and a twelve month high of C$12.90.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, November 29th. Whitecap Resources’s payout ratio is 34.95%.

In related news, Director Grant Bradley Fagerheim bought 10,200 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of C$8.91 per share, with a total value of C$90,882.00.

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About Whitecap Resources

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)

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