ARC Resources (TSE:ARX) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

ARC Resources (TSE:ARX - Get Free Report) had its price target upped by Jefferies Financial Group from C$27.00 to C$29.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price target suggests a potential upside of 15.54% from the company's previous close.

A number of other analysts have also issued reports on the company. CIBC lifted their target price on ARC Resources from C$33.00 to C$34.00 in a research report on Friday, November 8th. Cormark upgraded ARC Resources to a "moderate buy" rating in a report on Monday, September 23rd. Scotiabank increased their target price on ARC Resources from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. National Bankshares upped their price target on shares of ARC Resources from C$31.00 to C$32.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on shares of ARC Resources from C$30.00 to C$32.00 in a research report on Friday. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ARC Resources currently has an average rating of "Buy" and an average price target of C$31.35.

ARC Resources Stock Down 2.4 %

TSE ARX traded down C$0.62 on Monday, reaching C$25.10. The company had a trading volume of 2,071,704 shares, compared to its average volume of 2,018,029. The company has a debt-to-equity ratio of 31.49, a current ratio of 0.88 and a quick ratio of 0.42. ARC Resources has a 1 year low of C$19.31 and a 1 year high of C$27.40. The firm has a 50-day moving average of C$24.72 and a 200-day moving average of C$24.41. The firm has a market capitalization of C$14.97 billion, a PE ratio of 13.01, a P/E/G ratio of 0.29 and a beta of 1.26.

Insider Activity at ARC Resources

In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$27.10, for a total transaction of C$828,360.57. 0.40% of the stock is currently owned by insiders.

ARC Resources Company Profile

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.