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Whitecap Resources Inc. (TSE:WCP) target price raised to $14.00, issued a report today by Raymond James

Yesterday Whitecap Resources Inc. (TSE:WCP) traded 0.77% higher at $9.23. The company’s 50-day moving average is $9.27 and its 200-day moving average is $9.44. The last closing price is down -2.57% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,145,095 shares of the stock were exchanged, down from an average trading volume of 1,287,140

Whitecap Resources Inc. (TSE:WCP) had its target price raised to $14.00 by Raymond James in a report released 11/14/2017. The new target price indicates a possible upside of 0.52% based on the company's last closing price.

Previously on 11/02/2017, Barclays Capital reported on Whitecap Resources Inc. (TSE:WCP) raised the target price from $10.00 to $11.00. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Whitecap Resources Inc. (TSE:WCP)

Whitecap Resources Inc. has a 52 week low of $8.44 and a 52 week high of $12.90 with a P/E ratio of 11.29 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $11.03 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Whitecap Resources Inc. (TSE:WCP)

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta. The primary reservoirs being developed are the Dunvegan and Cardium. Its Cardium producing areas are primarily located in the Pembina, Garrington, Ferrier and Willesden Green areas of West Central Alberta. Its Elnora producing property is located southeast of Red Deer, Alberta. Its Lucky Hills, Whiteside, Kerrobert, and Eagle Lake areas are located in West Central Saskatchewan. The primary reservoir that the Company is focused on developing is the Viking resource oil play.

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