Analysts Set ARC Resources (ARX) Target Price at $20.15

ARC Resources (TSE:ARX) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$20.15.

A number of analysts recently commented on the stock. Raymond James Financial cut shares of ARC Resources from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from C$24.50 to C$22.00 in a research note on Thursday, December 14th. National Bank Financial lowered their target price on shares of ARC Resources from C$17.00 to C$14.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Barclays lowered their target price on shares of ARC Resources from C$19.00 to C$16.00 in a research note on Wednesday, January 17th. GMP Securities lowered their target price on shares of ARC Resources from C$20.50 to C$18.50 in a research note on Friday, February 9th. Finally, TD Securities lowered their target price on shares of ARC Resources from C$19.00 to C$18.50 in a research note on Friday, February 9th.

How to Become a New Pot Stock Millionaire

Shares of ARC Resources stock opened at C$14.18 on Thursday. ARC Resources has a 52-week low of C$11.88 and a 52-week high of C$19.09.

ARC Resources (TSE:ARX) last issued its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported C$0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.06. The firm had revenue of C$340.30 million for the quarter, compared to the consensus estimate of C$338.00 million. ARC Resources had a net margin of 23.54% and a return on equity of 8.10%.

The business also recently announced a apr 18 dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $0.05 dividend. This represents a yield of 4.72%. The ex-dividend date of this dividend is Wednesday, March 28th.

In other ARC Resources news, insider Lisa Ann Olsen acquired 2,300 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of C$12.86 per share, for a total transaction of C$29,578.00. Also, Director Harold N. Kvisle acquired 12,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were acquired at an average price of C$12.97 per share, with a total value of C$155,640.00. Insiders purchased a total of 20,300 shares of company stock valued at $260,278 over the last quarter.

TRADEMARK VIOLATION WARNING: “Analysts Set ARC Resources (ARX) Target Price at $20.15” was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3341029/analysts-set-arc-resources-arx-target-price-at-20-15.html.

About ARC Resources

ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. The company was founded in 1996 and is headquartered in Calgary, Canada.

Analyst Recommendations for ARC Resources (TSE:ARX)

Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

8,380 Shares in American Campus Communities  Acquired by LPL Financial LLC
8,380 Shares in American Campus Communities Acquired by LPL Financial LLC
Intrexon  Shares Sold by LPL Financial LLC
Intrexon Shares Sold by LPL Financial LLC
LPL Financial LLC Buys Shares of 7,295 Donaldson
LPL Financial LLC Buys Shares of 7,295 Donaldson
LPL Financial LLC Acquires New Stake in ProShares MSCI Europe Dividend Growers ETF
LPL Financial LLC Acquires New Stake in ProShares MSCI Europe Dividend Growers ETF
Longer Investments Inc. Has $2.55 Million Position in Microsoft Co.
Longer Investments Inc. Has $2.55 Million Position in Microsoft Co.
Apple  Shares Bought by Lenox Wealth Management Inc.
Apple Shares Bought by Lenox Wealth Management Inc.


Leave a Reply

© 2006-2018 Ticker Report. Google+.