Whitecap Resources Inc. (TSE:WCP) had its target price increased by Dundee Securities from C$7.75 to C$9.75 in a report issued on Thursday, Market Beat reports.

Shares of Whitecap Resources (TSE:WCP) opened at 6.97 on Thursday. The firm’s market cap is $2.08 billion. The company’s 50-day moving average is $8.41 and its 200-day moving average is $10.76. Whitecap Resources has a 52 week low of $5.80 and a 52 week high of $15.62.

In other Whitecap Resources news, insider Jeffery Byron Zdunich sold 69,986 shares of Whitecap Resources stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of C$11.26, for a total value of C$788,042.36. Also, Director Grant Bradley Fagerheim acquired 30,000 shares of the firm’s stock in a transaction on Thursday, November 19th. The stock was acquired at an average cost of C$11.67 per share, with a total value of C$350,100.00.

Several other research analysts have also commented on WCP. CIBC cut their price target on shares of Whitecap Resources from C$17.00 to C$14.50 in a report on Thursday, January 14th. FirstEnergy Corp. dropped their price objective on shares of Whitecap Resources from C$13.75 to C$11.00 in a research note on Wednesday, January 20th. AltaCorp Capital dropped their price objective on shares of Whitecap Resources from C$12.00 to C$11.50 in a research note on Wednesday, January 20th. Haywood Securities dropped their price objective on shares of Whitecap Resources to C$11.50 and set a buy rating on the stock in a research note on Wednesday, January 20th. Finally, Barclays dropped their price objective on shares of Whitecap Resources from C$14.00 to C$13.00 and set an overweight rating on the stock in a research note on Thursday, October 29th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$12.27.

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’s activities are concentrated primarily in Northwest Central Alberta and Southwest Saskatchewan. In May 2014, the Company acquired certain strategic light oil assets focused primarily in Whitecap’s Pembina Cardium / West Central core area, as well as at Boundary Lake in northeast B.C.Concurrent disposition of certain Nisku natural gas production and related facilities located in the Pembina area to Keyera Corp.

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