ARC Resources - ARX Stock Forecast, Price & News

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent. ARC Resources Ltd. was founded in 1996 and is headquartered in Calgary, Canada.

ARC Resources Stock Performance

Shares of ARX traded up C$0.07 during trading hours on Thursday, reaching C$18.19. The firm's 50 day simple moving average is C$16.91 and its 200-day simple moving average is C$16.83. The stock has a market cap of C$12.07 billion and a PE ratio of 8.42. The company has a current ratio of 0.44, a quick ratio of 0.41 and a debt-to-equity ratio of 34.97. ARC Resources has a 12-month low of C$7.51 and a 12-month high of C$22.88.

ARC Resources (TSE:ARX - Get Rating) last announced its earnings results on Thursday, July 28th. The oil and gas exploration company reported C$1.13 earnings per share for the quarter, beating analysts' consensus estimates of C$0.86 by C$0.27. The company had revenue of C$2.37 billion for the quarter. As a group, equities analysts expect that ARC Resources will post 3.008347 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. CIBC lowered their price objective on shares of ARC Resources from C$28.00 to C$25.00 in a research report on Wednesday, July 13th. Raymond James set a C$22.00 target price on shares of ARC Resources and gave the company an "outperform" rating in a report on Friday, May 6th. National Bankshares reduced their target price on shares of ARC Resources from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. Cormark increased their target price on shares of ARC Resources from C$27.00 to C$29.00 in a report on Friday, July 29th. Finally, Stifel Nicolaus increased their target price on shares of ARC Resources from C$23.25 to C$26.00 in a report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.15.

Insider Activity at ARC Resources

In related news, Senior Officer Ryan Victor Berrett sold 13,198 shares of ARC Resources stock in a transaction dated Monday, May 30th. The shares were sold at an average price of C$19.54, for a total transaction of C$257,854.61. In other ARC Resources news, Senior Officer Larissa Marianne Conrad sold 9,354 shares of ARC Resources stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of C$20.02, for a total value of C$187,274.56. Also, Senior Officer Ryan Victor Berrett sold 13,198 shares of ARC Resources stock in a transaction dated Monday, May 30th. The stock was sold at an average price of C$19.54, for a total transaction of C$257,854.61. Insiders sold a total of 110,893 shares of company stock valued at $2,228,663 in the last three months.