Whitecap Resources (OTCMKTS:SPGYF) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.79 and traded as low as $6.68. Whitecap Resources shares last traded at $6.79, with a volume of 1,253,043 shares.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised shares of Whitecap Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

View Our Latest Stock Report on Whitecap Resources

Whitecap Resources Price Performance

The firm’s fifty day moving average is $6.79 and its two-hundred day moving average is $6.66.

About Whitecap Resources

(Get Free Report)

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.

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