Shares of Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Rating) have earned a consensus rating of "Buy" from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have covered the stock in the last year is $14.48.
A number of equities research analysts have commented on SPGYF shares. CIBC raised their price objective on Whitecap Resources from C$14.50 to C$15.00 in a research note on Wednesday, June 15th. Scotiabank raised their price objective on Whitecap Resources from C$12.00 to C$13.00 in a research note on Wednesday, June 8th. National Bank Financial reduced their price objective on Whitecap Resources from C$22.00 to C$17.50 in a research note on Monday, July 18th. Royal Bank of Canada raised their price objective on Whitecap Resources from C$14.00 to C$16.00 in a research note on Thursday, June 30th. Finally, BMO Capital Markets reduced their price objective on Whitecap Resources from C$16.00 to C$14.00 in a research note on Friday, July 29th.
Get Whitecap Resources alerts:Whitecap Resources Trading Down 7.8 %
Shares of SPGYF stock opened at $6.29 on Friday. The stock has a 50 day simple moving average of $7.10 and a two-hundred day simple moving average of $7.68. Whitecap Resources has a fifty-two week low of $4.67 and a fifty-two week high of $10.14.
Whitecap Resources Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.0278 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 4.7%.About Whitecap Resources
(Get Rating)
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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