ARC Resources Ltd. (TSE:ARX - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.16 and traded as high as C$29.43. ARC Resources shares last traded at C$29.15, with a volume of 1,584,871 shares.
Wall Street Analyst Weigh In
Several research firms recently issued reports on ARX. CIBC lowered their price objective on ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. 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 boosted their target price 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. ATB Capital raised their price target 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. Finally, Raymond James reduced their price target on shares of ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$33.17.
Get Our Latest Stock Report on ARC Resources
ARC Resources Stock Up 1.8%
The company's 50-day simple moving average is C$27.14 and its two-hundred day simple moving average is C$26.34. The firm has a market capitalization of C$17.47 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.29 and a beta of 1.26. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42.
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.
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