ARC Resources Ltd. (TSE:ARX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$25.19 and traded as high as C$28.05. ARC Resources shares last traded at C$27.83, with a volume of 1,170,576 shares trading hands.
Wall Street Analyst Weigh In
ARX has been the topic of several research analyst reports. TD Securities upped their price objective on shares of ARC Resources from C$33.00 to C$34.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. CIBC boosted their price objective on ARC Resources from C$34.00 to C$35.00 in a research note on Friday, January 17th. BMO Capital Markets raised their target price on ARC Resources from C$30.00 to C$32.00 in a research note on Friday, December 13th. UBS Group upped their price target on shares of ARC Resources from C$31.00 to C$33.00 in a research report on Monday, December 9th. Finally, Jefferies Financial Group raised their price objective on shares of ARC Resources from C$27.00 to C$29.00 in a research report on Monday, December 16th. Seven investment 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, the stock has a consensus rating of "Buy" and an average target price of C$32.29.
Get Our Latest Analysis on ARX
ARC Resources Stock Performance
The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05. The company has a market cap of C$16.67 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.29 and a beta of 1.26. The stock has a 50 day moving average price of C$26.28 and a two-hundred day moving average price of C$25.21.
About ARC Resources
(
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.
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