ARC Resources Ltd (ARX) PT Lowered to C$19.00 at Barclays PLC
ARC Resources Ltd (TSE:ARX) had its price target lowered by Barclays PLC from C$22.00 to C$19.00 in a report issued on Tuesday. Barclays PLC’s price objective would indicate a potential upside of 20.79% from the company’s current price.
ARX has been the topic of several other research reports. National Bank Financial lowered shares of ARC Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, October 12th. BMO Capital Markets cut their price target on shares of ARC Resources from C$20.00 to C$19.00 in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada cut their price target on shares of ARC Resources from C$25.00 to C$22.00 in a report on Thursday, July 20th. Six equities research analysts have rated the stock with a buy rating, ARC Resources has a consensus rating of “Buy” and a consensus target price of C$24.28.
Shares of ARC Resources (ARX) traded up 0.45% on Tuesday, hitting $15.73. 847,349 shares of the company were exchanged. ARC Resources has a 52-week low of $15.01 and a 52-week high of $24.74. The company has a 50-day moving average price of $16.67 and a 200 day moving average price of $17.01. The firm has a market cap of $5.56 billion and a P/E ratio of 12.12.
In other news, Director Harold N. Kvisle acquired 6,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of C$16.06 per share, with a total value of C$96,360.00. Also, Director Harold N. Kvisle acquired 5,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of C$15.88 per share, with a total value of C$79,400.00. Insiders acquired 11,565 shares of company stock valued at $185,783 in the last ninety days.
ARC Resources Company Profile
ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.
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