Brokerages Set ARC Resources Ltd. (TSE:ARX) Price Target at C$30.35

Shares of ARC Resources Ltd. (TSE:ARX) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$30.35.

Separately, Royal Bank Of Canada boosted their price objective on ARC Resources from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th.

ARC Resources Price Performance

ARC Resources stock opened at C$33.91 on Monday. ARC Resources has a twelve month low of C$21.14 and a twelve month high of C$34.40. 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 firm has a market cap of C$19.19 billion, a PE ratio of 13.73, a P/E/G ratio of 0.29 and a beta of -0.41. The firm’s 50 day moving average price is C$33.14 and its two-hundred day moving average price is C$30.64.

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

About ARC Resources

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.