Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$30.05 and last traded at C$30.02, with a volume of 165983 shares. The stock had previously closed at C$29.55.
Analyst Ratings Changes
A number of research analysts have recently weighed in on ARX shares. TD Securities raised their price target on ARC Resources from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group cut their target price on shares of ARC Resources from C$35.00 to C$34.00 in a research report on Thursday, April 17th. Desjardins upped their price target on shares of ARC Resources from C$34.50 to C$35.50 and gave the company a "buy" rating in a report on Thursday. Royal Bank of Canada raised 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 research note on Thursday. Finally, Raymond James dropped their price target on ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$33.17.
Read Our Latest Report on ARX
ARC Resources Stock Up 0.9%
The business has a 50-day simple moving average of C$27.14 and a two-hundred day simple moving average of C$26.34. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05. The company has a market cap of C$17.63 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.29 and a beta of 1.26.
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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