Whitecap Resources (OTCMKTS:SPGYF) Given New C$17.50 Price Target at National Bank Financial

Whitecap Resources (OTCMKTS:SPGYF – Get Rating) had its target price upped by National Bank Financial from C$16.00 to C$17.50 in a report released on Thursday morning, The Fly reports.

A number of other equities research analysts have also issued reports on SPGYF. BMO Capital Markets lifted their target price on shares of Whitecap Resources from C$11.00 to C$12.00 in a research note on Friday, February 25th. Stifel Nicolaus lifted their target price on shares of Whitecap Resources from C$13.25 to C$14.25 in a research note on Tuesday, April 5th. Finally, Scotiabank lifted their target price on shares of Whitecap Resources from C$9.00 to C$9.25 in a research note on Thursday, January 13th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and a consensus target price of $12.11.

Shares of OTCMKTS:SPGYF opened at $8.61 on Thursday. The firm has a fifty day moving average of $7.76 and a two-hundred day moving average of $6.65. Whitecap Resources has a 12-month low of $3.64 and a 12-month high of $8.73.

The firm also recently disclosed a dividend, which will be paid on Monday, April 18th. Investors of record on Thursday, March 31st will be paid a $0.0235 dividend. This represents a dividend yield of 3.4%. The ex-dividend date is Wednesday, March 30th. This is a positive change from Whitecap Resources’s previous dividend of $0.02.

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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