ARC Resources Ltd. (TSE:ARX - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$26.54 and traded as high as C$29.88. ARC Resources shares last traded at C$29.64, with a volume of 1,232,266 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. UBS Group decreased their price objective on ARC Resources from C$35.00 to C$34.00 in a report on Thursday, April 17th. Raymond James decreased their price objective on ARC Resources from C$33.00 to C$32.00 in a report on Wednesday, April 9th. Royal Bank of Canada lifted their price objective on ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. National Bankshares lifted their price objective on ARC Resources from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, TD Securities lifted their price objective on ARC Resources from C$33.00 to C$34.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$33.17.
Check Out Our Latest Stock Analysis on ARX
ARC Resources Stock Down 0.2%
The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. The stock has a market capitalization of C$17.12 billion, a PE ratio of 15.34, a PEG ratio of 0.29 and a beta of 1.26. The company has a 50 day moving average price of C$27.30 and a 200-day moving average price of C$26.56.
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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