ARC Resources (TSE:ARX - Get Free Report) had its price objective raised by investment analysts at UBS Group from C$37.00 to C$39.00 in a report released on Wednesday,BayStreet.CA reports. UBS Group's target price would indicate a potential upside of 36.27% from the company's current price.
A number of other brokerages also recently issued reports on ARX. TD Securities upped their price objective on ARC Resources from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Friday, February 7th. CIBC lifted their price target on ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. National Bankshares boosted their target price on ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Jefferies Financial Group increased their price objective on shares of ARC Resources from C$27.00 to C$29.00 in a research note on Monday, December 16th. Finally, BMO Capital Markets upped their price objective on ARC Resources from C$30.00 to C$32.00 in a research report on Friday, December 13th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ARC Resources currently has an average rating of "Buy" and an average target price of C$32.79.
View Our Latest Stock Analysis on ARX
ARC Resources Trading Up 0.2 %
ARX stock traded up C$0.07 on Wednesday, reaching C$28.62. The company's stock had a trading volume of 1,278,875 shares, compared to its average volume of 1,916,694. The firm has a market cap of C$16.84 billion, a PE ratio of 15.09, a PEG ratio of 0.29 and a beta of 1.26. 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 business has a fifty day simple moving average of C$26.45 and a two-hundred day simple moving average of C$25.32. ARC Resources has a 12-month low of C$21.44 and a 12-month high of C$29.05.
About ARC Resources
(
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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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