Whitecap Resources Inc. (OTCMKTS:SPGYF) Receives $13.38 Average Target Price from Brokerages

Shares of Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Rating) have received an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.63.

A number of research analysts have commented on SPGYF shares. Stifel Nicolaus upped their price target on Whitecap Resources from C$13.25 to C$14.25 in a research report on Tuesday, April 5th. TD Securities upped their price target on Whitecap Resources from C$15.00 to C$15.50 in a research report on Friday, April 29th. Scotiabank upped their price target on Whitecap Resources from C$12.00 to C$13.00 in a research report on Wednesday, June 8th. National Bank Financial upped their price target on Whitecap Resources from C$17.50 to C$20.00 in a research report on Thursday, June 16th. Finally, CIBC upped their price target on Whitecap Resources from C$14.50 to C$15.00 in a research report on Wednesday, June 15th.

Shares of SPGYF stock opened at $7.24 on Thursday. Whitecap Resources has a 1-year low of $3.64 and a 1-year high of $10.14. The business has a 50-day moving average of $8.41 and a 200 day moving average of $7.52.

The company also recently declared a dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.0232 dividend. The ex-dividend date is Wednesday, June 29th. This represents a dividend yield of 3.6%.

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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