Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$25.78 and traded as high as C$27.01. ARC Resources shares last traded at C$26.63, with a volume of 1,274,468 shares trading hands.
Analyst Ratings Changes
ARX has been the subject of several recent analyst reports. Raymond James dropped their price objective on ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, April 9th. TD Securities increased their target price on shares of 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. CIBC reduced their price target on shares of ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. National Bankshares 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 report on Thursday, January 30th. Finally, UBS Group reduced their target price on ARC Resources from C$35.00 to C$34.00 in a report on Thursday, April 17th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$32.29.
Read Our Latest Report on ARX
ARC Resources Trading Down 1.6 %
The company has a market capitalization of C$15.01 billion, a P/E ratio of 13.45, a PEG ratio of 0.29 and a beta of 1.26. The business has a 50 day moving average price of C$26.57 and a 200 day moving average price of C$25.82. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05.
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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