ARC Resources Ltd. (TSE:ARX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.92 and traded as high as C$27.20. ARC Resources shares last traded at C$27.19, with a volume of 1,238,788 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. CIBC decreased their target price on ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. Desjardins lifted their price objective on ARC Resources from C$33.50 to C$34.50 and gave the stock a "buy" rating in a report on Monday, May 5th. Raymond James reduced their target price on ARC Resources from C$33.00 to C$32.00 in a report on Wednesday, April 9th. National Bankshares lifted their target price on ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, TD Securities lifted their price target on ARC Resources from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$32.32.
Get Our Latest Analysis on ARX
ARC Resources Stock Performance
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 stock has a market cap of C$16.86 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. The firm's 50 day moving average is C$26.71 and its 200 day moving average is C$26.02.
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.
Further Reading
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