ARC Resources Ltd. (TSE:ARX - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$29.05 and last traded at C$28.98, with a volume of 312668 shares changing hands. The stock had previously closed at C$28.43.
Wall Street Analysts Forecast Growth
Several analysts have commented on ARX shares. CIBC lifted their target price on shares of ARC Resources from C$34.00 to C$35.00 in a research note on Friday, January 17th. UBS Group lifted their price objective on ARC Resources from C$37.00 to C$39.00 in a research report on Wednesday, March 26th. BMO Capital Markets increased their target price on ARC Resources from C$30.00 to C$32.00 in a research report on Friday, December 13th. Jefferies Financial Group raised their price target on ARC Resources from C$27.00 to C$29.00 in a research note on Monday, December 16th. Finally, National Bankshares upped their price objective on shares of 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. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ARC Resources presently has a consensus rating of "Buy" and a consensus target price of C$32.79.
Get Our Latest Research Report on ARC Resources
ARC Resources Trading Down 8.1 %
The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. The business's 50-day simple moving average is C$26.63 and its two-hundred day simple moving average is C$25.43. The stock has a market capitalization of C$15.20 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.29 and a beta of 1.26.
ARC Resources Company Profile
(
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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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