Whitecap Resources Inc (TSE:WCP) Has Just Had Its Price Objective Diminished by Stock Analysts at National Bank Financial to $16.00

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Analysis: Whitecap Resources Inc (TSE:WCP) Target Raised Today

In a very recent research note revealed to clients and investors by National Bank Financial on 3 December, the firm, Whitecap Resources Inc (TSE:WCP), had their Estimated Target Price cut to $16.00. Analusts currently have a solid “Outperform” rating on the stock.

From a total of 3 analysts covering Whitecap Resources Inc. (TSE:WCP) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $18 while the lowest target price is $13. The mean of all analyst targets is $15.50 with a 39.14% above today’s ($11.14) stock price. Whitecap Resources Inc. was the topic of 6 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc.

Approximately 1.24M shares of stock traded hands. Whitecap Resources Inc. (TSE:WCP) has declined 26.09% since April 30, 2015 and is downtrending. It has underperformed by 25.80% the S&P500.

Whitecap Resources Inc (TSE:WCP) Has Just Had Its Price Objective Diminished by Stock Analysts at National Bank Financial to $16.00

Whitecap Resources Inc. is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids in Western Canada. The company has a market cap of $3.33 billion. The Company’s activities are concentrated primarily in Northwest Central Alberta and Southwest Saskatchewan. It currently has negative earnings.

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