ARC Resources Ltd. (TSE:ARX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. ATB Capital upped 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 report on Thursday, May 22nd. Desjardins lifted their price objective on ARC Resources from C$34.50 to C$35.50 and gave the stock a "buy" rating in a report on Thursday, May 22nd. National Bankshares upped their price target on shares of ARC Resources from C$33.00 to C$35.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. UBS Group decreased their target price on ARC Resources from C$35.00 to C$34.00 in a research report on Thursday, April 17th. Finally, CIBC lowered their price objective on shares of ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$33.17.
Read Our Latest Research Report on ARX
ARC Resources Price Performance
The firm has a market capitalization of C$17.72 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.29 and a beta of 1.26. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05. The business's fifty day moving average is C$27.41 and its 200 day moving average is C$26.67.
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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