ARC Resources Ltd. (TSE:ARX - Get Free Report)'s stock price reached 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.
Analyst Ratings Changes
ARX has been the subject of several research analyst reports. Raymond James dropped their price target on shares of ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, April 9th. Royal Bank of Canada increased their price objective on shares of ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Desjardins boosted their price target on shares of ARC Resources from C$34.50 to C$35.50 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. CIBC lowered their price objective on shares of ARC Resources from C$35.00 to C$33.00 in a research note on Thursday, April 10th. Finally, National Bankshares lifted their target price on shares of ARC Resources from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$33.17.
Get Our Latest Report on ARC Resources
ARC Resources Trading Up 1.8%
The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14. The firm has a market cap of C$18.04 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.29 and a beta of 1.26. The company's 50-day moving average is C$27.64 and its 200-day moving average is C$26.73.
About ARC Resources
(
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.
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