Analysts Set ARC Resources Ltd. (TSE:ARX) PT at C$32.79

Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) have earned a consensus recommendation of "Buy" from the eight ratings firms that are covering the stock, Marketbeat Ratings 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 brokers that have updated their coverage on the stock in the last year is C$32.58.

ARX has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of ARC Resources from C$27.00 to C$29.00 in a research note on Monday, December 16th. UBS Group lifted their target price on shares of ARC Resources from C$37.00 to C$39.00 in a research report on Wednesday, March 26th. CIBC lowered their price target on shares of ARC Resources from C$35.00 to C$33.00 in a research note on Thursday. Raymond James reduced their price objective on ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday. Finally, National Bankshares boosted their target price on ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th.

ARC Resources Price Performance

Shares of TSE ARX traded up C$0.69 during trading hours on Monday, reaching C$25.06. 2,452,313 shares of the stock traded hands, compared to its average volume of 2,022,990. The company's 50-day simple moving average is C$26.55 and its two-hundred day simple moving average is C$25.53. The company has a market capitalization of C$14.75 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. ARC Resources has a 52-week low of C$21.44 and a 52-week high of C$29.90. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05.

About ARC Resources

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.