Whitecap Resources (WCP), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Jeremy Mccrea from Raymond James rated Whitecap Resources (WCP) a Buy, setting a C$9 price target.
According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.4% and a 33.1% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Currently, the analyst consensus on Whitecap Resources is a Strong Buy with an average price target of C$8.50.
The company has a one-year high of C$10.36 and a one-year low of C$3.80. Currently, Whitecap Resources has an average volume of 2.44M.
Whitecap Resources, Inc. engages in the acquisition, development, optimization, and production of crude oil and natural gas. Its projects include Boundary Lake, Valhalla North, Elmworth, Wapiti, West and East Pembina, Ferrier, Elnora, Garrington, Kerrobert, Lucky Hills, Fosterton, and Gull Lake.
The company’s shares closed on Friday at C$4.67, close to its 52-week low of C$3.80.
