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

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

A number of equities analysts have weighed in on ARX shares. Royal Bank Of Canada increased their target price on shares of ARC Resources from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. 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 research report on Tuesday, April 28th. TD Securities cut shares of ARC Resources from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. BMO Capital Markets downgraded shares of ARC Resources from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$30.00 to C$32.00 in a report on Tuesday, April 28th. Finally, Capital One Financial downgraded shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th.

ARC Resources Stock Down 0.3%

ARX stock opened at C$33.85 on Thursday. The company has a debt-to-equity ratio of 39.16, a quick ratio of 0.42 and a current ratio of 0.88. The company has a market capitalization of C$19.15 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.29 and a beta of -0.37. ARC Resources has a fifty-two week low of C$21.14 and a fifty-two week high of C$34.22. The stock has a fifty day moving average of C$31.75 and a 200-day moving average of C$29.36.

ARC Resources (TSE:ARX) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.62 earnings per share for the quarter. ARC Resources had a return on equity of 16.64% and a net margin of 19.29%.The company had revenue of C$2.16 billion during the quarter. As a group, equities research analysts predict that ARC Resources will post 2.7255139 earnings per share for the current 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.