Whitecap Resources (OTCMKTS:SPGYF) PT Raised to C$14.00 at Royal Bank of Canada

Whitecap Resources (OTCMKTS:SPGYFGet Rating) had its price objective raised by Royal Bank of Canada from C$13.00 to C$14.00 in a research report sent to investors on Friday, The Fly reports.

Several other brokerages have also issued reports on SPGYF. TD Securities increased their target price on shares of Whitecap Resources from C$15.00 to C$15.50 in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Whitecap Resources from C$13.25 to C$14.25 in a research report on Tuesday, April 5th. CIBC boosted their target price on Whitecap Resources from C$13.00 to C$14.50 in a research report on Thursday, April 14th. Scotiabank increased their price target on Whitecap Resources from C$11.00 to C$12.00 in a report on Monday, April 18th. Finally, National Bank Financial boosted their price objective on Whitecap Resources from C$16.00 to C$17.50 in a report on Thursday, April 14th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $13.23.

Whitecap Resources stock opened at $8.18 on Friday. Whitecap Resources has a 52-week low of $3.64 and a 52-week high of $9.10. The stock’s 50 day moving average price is $8.03 and its two-hundred day moving average price is $6.85.

The business also recently disclosed a dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.0238 per share. This is a positive change from Whitecap Resources’s previous dividend of $0.02. This represents a yield of 3.19%. The ex-dividend date of this dividend is Thursday, April 28th.

Whitecap Resources Company Profile (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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