ARC Resources Ltd. (TSE:ARX) Receives C$32.29 Average PT from Analysts

Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) have received a consensus rating of "Buy" from the six analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$32.54.

Several equities analysts have commented on the stock. Raymond James decreased their target price on shares of ARC Resources from C$33.00 to C$32.00 in a report on Wednesday, April 9th. Desjardins upped their target price on ARC Resources from C$33.50 to C$34.50 and gave the stock a "buy" rating in a research note on Monday. UBS Group decreased their price target on ARC Resources from C$35.00 to C$34.00 in a research note on Thursday, April 17th. TD Securities upped their price objective on ARC Resources from C$33.00 to C$34.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, National Bankshares lifted their target price on ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th.

ARC Resources Price Performance

TSE ARX traded up C$0.72 during midday trading on Friday, hitting C$26.67. The company had a trading volume of 1,563,501 shares, compared to its average volume of 1,980,877. The firm has a 50-day moving average price of C$26.48 and a 200-day moving average price of C$25.86. The company has a market capitalization of C$15.70 billion, a PE ratio of 14.07, a P/E/G ratio of 0.29 and a beta of 1.26. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05. ARC Resources has a twelve month low of C$21.44 and a twelve month high of C$29.90.

ARC Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.