ARC Resources (TSE:ARX – Get Free Report) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$32.00 target price on the oil and gas exploration company’s stock, up from their previous target price of C$30.00. BMO Capital Markets’ price objective points to a potential upside of 1.39% from the stock’s previous close.
ARX has been the subject of several other reports. Raymond James Financial increased their price objective on ARC Resources from C$29.00 to C$32.80 in a report on Tuesday. Canadian Imperial Bank of Commerce lowered ARC Resources from a “neutral” rating to a “tender” rating and increased their price objective for the company from C$29.00 to C$32.00 in a report on Tuesday. ATB Cormark Capital Markets cut ARC Resources from an “outperform” rating to a “tender” rating and set a C$31.00 price objective on the stock. in a research note on Tuesday. Royal Bank Of Canada lowered their price objective on ARC Resources from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th. Finally, Scotiabank upgraded ARC Resources to a “hold” rating in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, ARC Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$29.98.
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ARC Resources Stock Up 1.1%
ARC Resources (TSE:ARX – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The oil and gas exploration company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$1.58 billion during the quarter. ARC Resources had a return on equity of 15.52% and a net margin of 20.99%. As a group, equities research analysts forecast that ARC Resources will post 2.7255139 EPS for the current fiscal year.
ARC Resources News Roundup
Here are the key news stories impacting ARC Resources this week:
- Positive Sentiment: Shell announced a deal to acquire ARC — reports say the transaction is worth about $16.4B and the initial market reaction pushed ARC shares sharply higher. Shell’s $16.4B Acquisition of ARC Resources (ARX) Sends Stock Soaring 20%
- Positive Sentiment: Major outlets confirm the deal and headline a roughly C$22B purchase price — coverage frames the transaction as output?boosting for Shell and material value realization for ARC shareholders. Shell to buy Canada’s ARC Resources in $16.4-billion deal
- Positive Sentiment: Market reaction lifted ARC and its Canadian energy peers, as investors reprice sector M&A potential and the takeover premium flows through relative valuations. ARC Resources Leads Canadian Energy Peers Higher on Shell Deal
- Positive Sentiment: Analysts interpret the deal as strategic validation of Canadian hydrocarbon export growth and Shell’s pivot to secure production — a narrative that supports a higher sector multiple if additional deals follow. Shell’s ARC Deal Seen as Win for Mark Carney’s Pro-Oil Pivot
- Neutral Sentiment: Some outlets report different headline figures (e.g., a $13.6B number), reflecting currency conversion, enterprise vs. equity value, or rounding — investors should confirm deal terms in official filings. Shell (SHEL) Boosts ARC Resources Stock (ARX) with a $13.6B Deal
- Neutral Sentiment: Wider market coverage (podcasts/articles) is flagging ARC as a top mover — useful for momentum tracking but not a fundamental update beyond the takeover news. Stock Movers: ARC Resources, Domino’s Pizza, Veradermics
- Negative Sentiment: Key risks remain: regulatory approval, customary closing conditions, potential break fees, and integration uncertainty — any setbacks could reverse gains or reduce the effective payout to shareholders. Shell to buy Canada’s ARC Resources in $16.4-billion deal
ARC Resources Company Profile
ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.
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