ARC Resources Ltd. (TSE:ARX) Receives C$30.35 Consensus Price Target from Brokerages

Shares of ARC Resources Ltd. (TSE:ARX) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$30.35.

Several research firms have issued reports on ARX. ATB Cormark Capital Markets lowered shares of ARC Resources from an “outperform” rating to a “tender” rating and set a C$31.00 price target on the stock. in a report on Tuesday, April 28th. Capital One Financial lowered ARC Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. TD Securities cut ARC Resources from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Raymond James Financial boosted their target price on ARC Resources from C$29.00 to C$32.80 in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada upped their target price on ARC Resources from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th.

ARC Resources Stock Down 0.2%

Shares of ARC Resources stock opened at C$32.00 on Friday. The firm’s 50 day moving average price is C$31.17 and its 200-day moving average price is C$28.29. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 43.61. ARC Resources has a 52-week low of C$21.14 and a 52-week high of C$32.97. The company has a market cap of C$18.13 billion, a P/E ratio of 12.65, a PEG ratio of 0.29 and a beta of -0.36.

ARC Resources (TSE:ARX) last posted its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported C$1.03 EPS for the quarter. ARC Resources had a net margin of 22.18% and a return on equity of 17.43%. The firm had revenue of C$2.10 billion during the quarter. On average, sell-side analysts predict that ARC Resources will post 2.7255139 EPS for the current fiscal year.

ARC Resources Company Profile

ARC Resources Ltd. is a pure-play Montney producer and one of Canada’s largest dividend-paying energy companies, featuring low-cost operations. ARC’s investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business.