ARC Resources Ltd. (TSE:ARX - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$28.75 and last traded at C$28.66, with a volume of 101960 shares trading hands. The stock had previously closed at C$28.07.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ARX. CIBC increased their price target on ARC Resources from C$34.00 to C$35.00 in a research note on Friday, January 17th. TD Securities raised their price target on ARC Resources from C$33.00 to C$34.00 and gave the stock a "buy" rating in a report on Friday, February 7th. UBS Group increased their price objective on ARC Resources from C$37.00 to C$39.00 in a report on Wednesday. BMO Capital Markets lifted their target price on ARC Resources from C$30.00 to C$32.00 in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their price target on shares of ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$32.79.
Read Our Latest Stock Analysis on ARC Resources
ARC Resources Stock Up 0.1 %
The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14. The stock has a 50-day moving average of C$26.41 and a two-hundred day moving average of C$25.30. The company has a market cap of C$16.83 billion, a P/E ratio of 15.08, a P/E/G ratio of 0.29 and a beta of 1.26.
ARC Resources Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider ARC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARC Resources wasn't on the list.
While ARC Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
