The Materials sector company, Whitecap Resources (WCP), has received a rating update from a Wall Street analyst on April 11. Analyst Jeremy Mccrea from Raymond James rated Whitecap Resources (WCP) a Buy on April 11, setting a C$8.50 price target.
According to TipRanks.com, Mccrea is ranked 0 out of 5 stars with an average return of -5.5% and a 39.4% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and Bellatrix Exploration.
Currently, the analyst consensus on Whitecap Resources is a Strong Buy with an average price target of C$8.
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, 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, and Lucky Hills. The company was founded on June 3, 2008 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$5.55.
