ARC Resources (ARX) Stock Forecast & Price Target

C$26.76 -0.21 (-0.78%)

(As of 11/22/2024 ET)

ARC Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 11 Analyst Ratings

Sell
0

Hold
0

Buy
11

Based on 11 Wall Street analysts who have issued ratings for ARC Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 10 have given a buy rating, and 1 has given a strong buy rating for ARX.

Consensus Price Target

C$30.96
15.70% Upside

According to the 11 analysts' twelve-month price targets for ARC Resources, the average price target is C$30.96. The highest price target for ARX is C$35.00, while the lowest price target for ARX is C$26.00. The average price target represents a forecasted upside of 15.70% from the current price of C$26.76.

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ARX Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$30.96	C$30.46	C$30.68	C$26.90
Forecasted Upside	15.70% Upside	31.94% Upside	20.69% Upside	25.68% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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ARX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ARX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ARC Resources Stock vs. The Competition

Type	ARC Resources	Energy Companies
Consensus Rating Score	3.09	2.82
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent ARX News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/8/2024	CIBC 3 of 5 stars		Boost Target		C$33.00 ➝ C$34.00	+38.04%
11/7/2024	Canaccord Genuity Group 4 of 5 stars	M. Mueller Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$29.00 ➝ C$31.00	+25.30%
11/7/2024	National Bankshares 1 of 5 stars		Boost Target		C$31.00 ➝ C$32.00	+29.35%
11/7/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$30.00 ➝ C$31.00	+25.30%
10/16/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$34.00 ➝ C$35.00	+48.62%
9/23/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Watson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
Get the Latest News and Ratings for ARX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ARC Resources and its competitors with MarketBeat's FREE daily newsletter.
9/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$30.00 ➝ C$27.00	+16.68%
7/23/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$30.00 ➝ C$31.50	+33.53%
7/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.00 ➝ C$32.00	+35.19%
6/28/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$26.00 ➝ C$27.00	+10.29%
5/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$28.00 ➝ C$30.00	+17.42%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$29.00 ➝ C$31.00	+23.26%
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$27.00 ➝ C$26.00	+27.39%
11/27/2023	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dunn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
11/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$24.00 ➝ C$28.00	+24.28%
7/6/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
1/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Overweight	C$22.00	+28.96%
1/12/2023	Stifel Firstegy Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dunn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:30 AM ET.

ARX Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for ARC Resources is C$30.96, with a high forecast of C$35.00 and a low forecast of C$26.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ARC Resources in the last year. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARX shares.
: According to analysts, ARC Resources's stock has a predicted upside of 15.70% based on their 12-month stock forecasts.
: Over the previous 90 days, ARC Resources's stock had 1 upgrade by analysts.
: ARC Resources has been rated by research analysts at Canaccord Genuity Group, CIBC, Cormark, Jefferies Financial Group, National Bankshares, Scotiabank, and TD Securities in the past 90 days.
: Analysts like ARC Resources more than other "energy" companies. The consensus rating for ARC Resources is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how ARX compares to other companies.

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This page (TSE:ARX) was last updated on 11/23/2024 by MarketBeat.com Staff

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ARC Resources (ARX) Stock Forecast & Price Target