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ARC Resources (TSE: ARX) received a number of ratings updates from brokerages and research firms in the last week:

  • ARC Resources had its price target lowered by analysts at CIBC from C$36.00 to C$35.00. They now have a “sector perform” rating on the stock.
  • ARC Resources had its price target raised by analysts at BMO Capital Markets from C$34.00 to C$36.00. They now have an “outperform” rating on the stock.
  • ARC Resources was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$36.00 price target on the stock.
  • ARC Resources had its “sector outperform” rating reaffirmed by analysts at Scotiabank.
  • ARC Resources had its price target raised by analysts at National Bank Financial from C$33.00 to C$35.00. They now have a “sector perform” rating on the stock.
  • ARC Resources had its price target raised by analysts at NBF from C$33.00 to C$35.00.

Shares of ARC Resources Ltd (TSE:ARX) traded down 0.59% during mid-day trading on Tuesday, hitting $31.88. The stock had a trading volume of 595,517 shares. ARC Resources Ltd has a 52-week low of $24.71 and a 52-week high of $33.58. The stock’s 50-day moving average is $31.33 and its 200-day moving average is $29.55. The company has a P/E ratio of 41.65.

ARC Resources Ltd. (TSE:ARX) is a Canada-based conventional oil and gas company.

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