According to The Fly, raymond James analyst Jeremy Mccrea reiterated a Buy rating on Whitecap Resources (SPGYF) yesterday. The company’s shares opened today at $3.18, close to its 52-week low of $3.09.
According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -20.7% and a 21.9% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Whitecap Resources has an analyst consensus of Strong Buy.
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Based on Whitecap Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $53.2 million. In comparison, last year the company had a net profit of $2.94 million.
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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.
