Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$30.17 and last traded at C$30.15, with a volume of 344805 shares changing hands. The stock had previously closed at C$29.78.
Wall Street Analyst Weigh In
ARX has been the subject of several recent research reports. ATB Capital raised their target price on shares of ARC Resources from C$31.00 to C$33.50 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Royal Bank of Canada increased their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Raymond James cut their price objective on ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, April 9th. CIBC lowered their target price on ARC Resources from C$35.00 to C$33.00 in a report on Thursday, April 10th. Finally, UBS Group cut their price target on ARC Resources from C$35.00 to C$34.00 in a report on Thursday, April 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, ARC Resources currently has a consensus rating of "Buy" and a consensus price target of C$33.17.
Get Our Latest Report on ARX
ARC Resources Stock Performance
The stock's 50 day moving average price is C$27.51 and its 200 day moving average price is C$26.69. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05. The company has a market cap of C$18.05 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.29 and a beta of 1.26.
ARC Resources Company Profile
(
Get Free Report)
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.
Further Reading
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