Whitecap Resources (SPGYF) Receives a Buy from RBC Capital
In a report released yesterday, Michael Harvey from RBC Capital maintained a Buy rating on Whitecap Resources (SPGYF – Research Report), with a price target of C$14.00. The company’s shares closed yesterday at $6.72.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Harvey covers the Energy sector, focusing on stocks such as ARC Resources, Whitecap Resources, and Tamarack Valley Energy. According to TipRanks, Harvey has an average return of 16.0% and a 55.97% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Whitecap Resources with a $9.18 average price target.
Based on Whitecap Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.01 billion and a net profit of $162.6 million. In comparison, last year the company earned a revenue of $787.7 million and had a net profit of $59.8 million
Based on the recent corporate insider activity of 49 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.
Read More on SPGYF:
