ARC Resources Ltd. (TSE:ARX - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$26.67 and traded as high as C$30.04. ARC Resources shares last traded at C$29.78, with a volume of 1,868,790 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently issued reports on ARX. Royal Bank of Canada boosted their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. UBS Group lowered their price target on shares of ARC Resources from C$35.00 to C$34.00 in a research report on Thursday, April 17th. CIBC lowered their price target on shares of ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. ATB Capital boosted their price objective on shares of ARC Resources from C$31.00 to C$33.50 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, National Bankshares boosted their price objective on shares of ARC Resources from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$33.17.
Check Out Our Latest Research 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 PE ratio of 16.17, a PEG ratio of 0.29 and a beta of 1.26. The stock's 50 day simple moving average is C$27.64 and its 200 day simple 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.
Featured Articles
Before you consider ARC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARC Resources wasn't on the list.
While ARC Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.