Several other analysts also recently issued reports on the company. Barclays PLC lifted their price target on ARC Resources from C$27.00 to C$28.00 in a research note on Tuesday, October 11th. BMO Capital Markets lifted their price target on ARC Resources from C$23.00 to C$25.00 in a research note on Thursday, October 6th. TD Securities reissued a hold rating and issued a C$32.00 price target on shares of ARC Resources in a research note on Friday, July 29th. Scotiabank reissued an outperform rating and issued a C$26.00 price target on shares of ARC Resources in a research note on Friday, July 29th. Finally, Royal Bank Of Canada lifted their price target on ARC Resources from C$24.00 to C$25.00 in a research note on Thursday, July 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ARC Resources presently has an average rating of Buy and a consensus price target of C$25.58.
ARC Resources (TSE:ARX) opened at 24.55 on Thursday. The firm’s market cap is $8.62 billion. ARC Resources has a 52-week low of $14.43 and a 52-week high of $24.57. The company’s 50 day moving average price is $22.85 and its 200 day moving average price is $21.84.
The firm also recently declared a oct 16 dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, October 27th.
About ARC Resources
ARC Resources Ltd. is a Canada-based oil and gas company. The Company’s business activities include the exploration, development and production of crude oil, natural gas and natural gas liquids in over five areas across western Canada. The Company is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth.
Receive News & Ratings for ARC Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.