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.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James set a C$22.00 price objective on ARC Resources and gave the company an "outperform" rating in a report on Friday, May 6th. Cormark boosted their price objective on ARC Resources from C$27.00 to C$29.00 in a report on Friday, July 29th. CIBC lowered their price objective on ARC Resources from C$28.00 to C$25.00 in a report on Wednesday, July 13th. National Bankshares decreased their target price on ARC Resources from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research note on Friday, July 29th. Finally, BMO Capital Markets lifted their target price on ARC Resources from C$20.00 to C$22.00 in a research note on Friday, May 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, ARC Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.15.

ARC Resources Price Performance

ARX traded up C$0.20 during trading on Tuesday, reaching C$17.33. The stock had a trading volume of 2,085,907 shares, compared to its average volume of 4,651,106. The firm has a market capitalization of C$11.50 billion and a price-to-earnings ratio of 8.02. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 34.97. ARC Resources has a 1-year low of C$7.51 and a 1-year high of C$22.88. The stock has a 50 day moving average of C$17.23 and a two-hundred day moving average of C$16.66.

ARC Resources (TSE:ARX - Get Rating) last released its earnings results on Thursday, July 28th. The oil and gas exploration company reported C$1.13 earnings per share for the quarter, topping analysts' consensus estimates of C$0.86 by C$0.27. The firm had revenue of C$2.37 billion during the quarter. As a group, equities analysts anticipate that ARC Resources will post 2.841644 EPS for the current fiscal year.

Insider Buying and Selling at ARC Resources

In other ARC Resources news, Senior Officer Larissa Marianne Conrad sold 9,354 shares of the company's stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of C$20.02, for a total value of C$187,274.56. In other ARC Resources news, Senior Officer Larissa Marianne Conrad sold 9,354 shares of the company's stock in a transaction on Wednesday, June 15th. The stock was 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 the company's stock in a transaction on Monday, May 30th. The shares were sold at an average price of C$19.54, for a total value of C$257,854.61. Over the last 90 days, insiders have sold 110,893 shares of company stock valued at $2,228,663.