Whitecap Resources (OTCMKTS:SPGYF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded Whitecap Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on SPGYF

Whitecap Resources Stock Down 0.3%

The stock’s fifty day moving average price is $6.79 and its 200 day moving average price is $6.74.

Whitecap Resources Company Profile

(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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