ARC Resources (TSE:ARX) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• ARC Resources recently crossed above its 200-day moving average (C$25.65), trading as high as C$26.06 on heavy volume (≈4.41M shares), signaling a short-term technical pickup.
• Several analysts cut price targets and downgraded ratings (e.g., BMO C$33→C$28, RBC C$32→C$28), but the consensus remains a Moderate Buy with a C$28.50 price target.
• Fundamentals are solid: Q4 EPS C$0.46 on C$1.58B revenue, net margin ≈21%, market cap C$14.99B, P/E 11.77, and a quarterly dividend of C$0.21 (annualized yield ~3.3%, DPR ~35.6%).

ARC Resources Ltd. (TSE:ARX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.65 and traded as high as C$26.06. ARC Resources shares last traded at C$25.77, with a volume of 4,413,098 shares traded.

Analyst Ratings Changes

ARX has been the topic of several analyst reports. BMO Capital Markets lowered their target price on shares of ARC Resources from C$33.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce cut shares of ARC Resources from an "outperform" rating to a "neutral" rating and reduced their target price for the company from C$27.50 to C$25.50 in a research note on Monday, February 9th. National Bank Financial downgraded ARC Resources from an "outperform" rating to a "hold" rating and decreased their target price for the stock from C$27.00 to C$26.00 in a research report on Friday, February 6th. Royal Bank Of Canada cut their price target on shares of ARC Resources from C$32.00 to C$28.00 and set an "outperform" rating for the company in a research note on Monday, February 9th. Finally, Jefferies Financial Group cut their price target on shares of ARC Resources from C$28.00 to C$27.00 in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ARC Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of C$28.50.

ARC Resources Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.70 and a debt-to-equity ratio of 58.50. The stock has a market cap of C$14.99 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.29 and a beta of -0.30. The stock's fifty day moving average is C$26.60 and its 200-day moving average is C$25.65.

ARC Resources (TSE:ARX - Get Free Report) last posted its earnings results on Thursday, February 5th. The oil and gas exploration company reported C$0.46 earnings per share for the quarter. The company had revenue of C$1.58 billion for the quarter. ARC Resources had a net margin of 20.99% and a return on equity of 15.52%. On average, analysts forecast that ARC Resources Ltd. will post 2.7255139 EPS for the current year.

ARC Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 31st. ARC Resources's dividend payout ratio (DPR) is currently 35.62%.

About ARC Resources

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.

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