Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Rating) has received a consensus rating of "Buy" from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $14.48.
SPGYF has been the topic of a number of research reports. Raymond James upped their target price on shares of Whitecap Resources from C$14.50 to C$16.00 in a research report on Wednesday, June 29th. Canaccord Genuity Group initiated coverage on shares of Whitecap Resources in a research report on Thursday, August 25th. They set a "buy" rating and a C$15.50 target price on the stock. Royal Bank of Canada upped their target price on shares of Whitecap Resources from C$14.00 to C$16.00 in a research report on Thursday, June 30th. CIBC upped their target price on shares of Whitecap Resources from C$14.50 to C$15.00 in a research report on Wednesday, June 15th. Finally, Scotiabank upped their target price on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Wednesday, June 8th.
Get Whitecap Resources alerts:Whitecap Resources Stock Performance
OTCMKTS:SPGYF opened at $7.72 on Tuesday. Whitecap Resources has a 12 month low of $4.13 and a 12 month high of $10.14. The company's 50-day moving average price is $7.02 and its two-hundred day moving average price is $7.74.
Whitecap Resources Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.0284 dividend. This represents a yield of 4.63%. The ex-dividend date is Tuesday, August 30th. This is an increase from Whitecap Resources's previous dividend of $0.03.About Whitecap Resources
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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, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.
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