Shares of Whitecap Resources Inc. (TSE:WCP – Get Free Report) have earned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$15.15.
Several research analysts recently weighed in on WCP shares. TD Securities boosted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Whitecap Resources from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group boosted their target price on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research note on Tuesday. Desjardins increased their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, ATB Cormark Capital Markets lifted their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “moderate buy” rating in a report on Tuesday.
View Our Latest Analysis on WCP
Whitecap Resources Price Performance
Whitecap Resources News Roundup
Here are the key news stories impacting Whitecap Resources this week:
- Positive Sentiment: Several major brokers raised price targets and lifted ratings, signaling analyst confidence in Whitecap’s outlook — RBC bumped its target to C$16 and set an “outperform” rating. RBC Raise
- Positive Sentiment: Desjardins raised its target to C$15 and put a “buy” rating on the stock. Desjardins Raise
- Positive Sentiment: TD Securities, ATB Cormark and BMO Capital Markets also lifted targets to around C$15 and issued buy/outperform stances — a broad-based analyst re-rating that supports upside to consensus. Multiple Broker Raises
- Positive Sentiment: Canaccord increased its target to C$15.50 and maintained a buy view, adding to the cluster of upward revisions from Canadian brokers. Canaccord Raise
- Positive Sentiment: Commercially meaningful: UK energy firm Centrica signed a natural-gas supply deal with Whitecap — a contract that can strengthen contracted cash flows and customer diversification. Centrica Deal
- Neutral Sentiment: A Yahoo Finance piece discusses the Whitecap–Veren integration and how it reshapes scale, cash flows and risk — useful context for longer-term fundamentals but not an immediate catalyst. Integration Article
- Neutral Sentiment: Investor-oriented coverage (MSN, Globe and Yahoo pieces) highlights Whitecap as a dividend/income idea — these widen retail interest but are unlikely to move the stock alone. Dividend Coverage
- Negative Sentiment: Raymond James cut its conviction from “strong-buy” to “moderate buy” despite raising the price target to C$16 — a downgrade in enthusiasm that could temper buying momentum. Raymond James Change
About Whitecap Resources
Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.
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