Whitecap Resources Inc. (OTCMKTS:SPGYF) Receives $6.81 Consensus Target Price from Analysts

Whitecap Resources Inc. (OTCMKTS:SPGYF) has earned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.81.

A number of research analysts have recently issued reports on SPGYF shares. Raymond James lifted their price objective on shares of Whitecap Resources from $8.25 to $8.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 6th. Royal Bank of Canada lifted their price objective on shares of Whitecap Resources from $6.50 to $7.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 23rd. TD Securities lifted their price objective on shares of Whitecap Resources from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, March 24th. Stifel Nicolaus lifted their price objective on shares of Whitecap Resources from C$7.75 to C$8.25 and gave the stock a “buy” rating in a research report on Tuesday, May 18th. Finally, CIBC lifted their price objective on shares of Whitecap Resources from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 10th.

Shares of OTCMKTS:SPGYF traded up $0.03 during midday trading on Friday, hitting $5.23. 29,561 shares of the stock traded hands, compared to its average volume of 77,045. The stock’s 50 day simple moving average is $4.62. Whitecap Resources has a one year low of $1.54 and a one year high of $5.40.

Whitecap Resources Company Profile

Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 24, 2021, it had a total proved plus probable reserves of 507,287 thousand barrels of oil equivalent.

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Analyst Recommendations for Whitecap Resources (OTCMKTS:SPGYF)

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