Brokerages Set ARC Resources Ltd. (TSE:ARX) Target Price at C$33.17

ARC Resources Ltd. (TSE:ARXGet Free Report) has been assigned an average rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$33.17.

Several equities analysts recently commented on ARX shares. Raymond James Financial cut their target price on shares of ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, April 9th. UBS Group dropped their price objective on shares of ARC Resources from C$35.00 to C$34.00 in a research note on Thursday, April 17th. ATB Capital increased their target price on shares of ARC Resources from C$31.00 to C$33.50 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. CIBC dropped their target price on shares of ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. Finally, National Bankshares increased their target price on shares of ARC Resources from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd.

Get Our Latest Stock Analysis on ARX

ARC Resources Price Performance

TSE:ARX opened at C$29.92 on Friday. The stock has a market cap of C$17.61 billion, a P/E ratio of 15.78, a PEG ratio of 0.29 and a beta of 1.26. ARC Resources has a one year low of C$21.44 and a one year high of C$31.56. The company has a fifty day moving average price of C$28.35 and a 200 day moving average price of C$26.97. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42.

About ARC Resources

(Get Free Report

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.

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Analyst Recommendations for ARC Resources (TSE:ARX)

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