Shares of Whitecap Resources Inc. (OTCMKTS:SPGYF) have earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.81.
Several analysts have recently issued reports on SPGYF shares. Stifel Nicolaus increased their price target 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. Scotiabank increased their price target on shares of Whitecap Resources from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Thursday, April 15th. National Bank Financial reaffirmed an “outperform” rating on shares of Whitecap Resources in a report on Tuesday, April 6th. TD Securities raised their target price on shares of Whitecap Resources from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, March 24th. Finally, Canaccord Genuity raised their target price on shares of Whitecap Resources from $6.50 to $7.00 and gave the company a “buy” rating in a report on Friday, February 26th.
Shares of SPGYF traded up $0.03 during mid-day trading on Friday, hitting $5.23. 29,561 shares of the company’s stock were exchanged, compared to its average volume of 77,045. Whitecap Resources has a fifty-two week low of $1.54 and a fifty-two week high of $5.40. The company has a 50-day moving average of $4.62.
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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