RBC Capital analyst Luke Davis maintained a Buy rating on Whitecap Resources (OTC:SPGYF) on Wednesday, setting a price target of C$11, which is approximately 56.29% above the present share price of $5.48.
Davis expects Whitecap Resources to post earnings per share (EPS) of $2.40 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Whitecap Resources, with an average price target of $8.47.
The analysts price targets range from a high of $9.73 to a low of $7.01.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $728.1 million and a net profit of $243.27 million. The company's market cap is $3.48 billion.
According to TipRanks.com, RBC Capital analyst Luke Davis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 42.5% and a 63.79% success rate.
Whitecap Resources, Inc. engages in the acquisition, development, and production of crude oil and natural gas. It focuses on the Boundary Lake, Valhalla, West Central Alberta, West Central Saskatchewan, and Southwest Saskatchewan. The company was founded by Grant B. Fagerheim on June 3, 2008 and is headquartered in Calgary, Canada.