Desjardins Keeps Their Buy Rating on Whitecap Resources (SPGYF)

Desjardins analyst Chris MacCulloch maintained a Buy rating on Whitecap Resources (SPGYF – Research Report) today and set a price target of C$12.00. The company’s shares opened today at $6.32.

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MacCulloch covers the Energy sector, focusing on stocks such as Vermilion Energy, MEG Energy, and Whitecap Resources. According to TipRanks, MacCulloch has an average return of 25.8% and a 46.75% success rate on recommended stocks.

Whitecap Resources has an analyst consensus of Strong Buy, with a price target consensus of $9.34, which is a 47.78% upside from current levels. In a report released on March 11, Raymond James also upgraded the stock to a Buy with a C$13.00 price target.

The company has a one-year high of $8.30 and a one-year low of $5.47. Currently, Whitecap Resources has an average volume of 329.7K.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPGYF in relation to earlier this year.