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ARC Resources (ARX) Stock Forecast & Price Target

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C$25.84 +0.39 (+1.53%)
(As of 11/18/2024 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

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
19.82% 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 19.82% from the current price of C$25.84.
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ARX Analyst Ratings Over Time

TypeCurrent Forecast
11/20/23 to 11/19/24
1 Month Ago
10/21/23 to 10/20/24
3 Months Ago
8/22/23 to 8/21/24
1 Year Ago
11/20/22 to 11/20/23
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 TargetC$30.96C$30.46C$30.68C$26.90
Forecasted Upside19.82% Upside31.03% Upside22.08% Upside24.40% Upside
Consensus Rating
Buy
Buy
Buy
Moderate Buy

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.
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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.
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ARC Resources Stock vs. The Competition

TypeARC ResourcesEnergy Companies
Consensus Rating Score
3.09
2.80
Consensus RatingBuyModerate Buy
News Sentiment Rating
Neutral News

See Recent ARX News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/8/2024CIBC
3 of 5 stars
 Boost TargetC$33.00 ➝ C$34.00+38.04%
11/7/2024Canaccord Genuity Group
4 of 5 stars
M. Mueller
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Boost TargetC$29.00 ➝ C$31.00+25.30%
11/7/2024National Bankshares
1 of 5 stars
 Boost TargetC$31.00 ➝ C$32.00+29.35%
11/7/2024TD Securities
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 Boost TargetBuyC$30.00 ➝ C$31.00+25.30%
10/16/2024Scotiabank
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 Boost TargetOutperformC$34.00 ➝ C$35.00+48.62%
9/23/2024Cormark
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B. Watson
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UpgradeModerate Buy
9/16/2024Jefferies Financial Group
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 Lower TargetBuyC$30.00 ➝ C$27.00+16.68%
7/23/2024Desjardins
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 Boost TargetBuyC$30.00 ➝ C$31.50+33.53%
7/10/2024UBS Group
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 Lower TargetC$33.00 ➝ C$32.00+35.19%
6/28/2024ATB Capital
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 Boost TargetC$26.00 ➝ C$27.00+10.29%
5/10/2024BMO Capital Markets
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 Boost TargetC$28.00 ➝ C$30.00+17.42%
4/23/2024Stifel Nicolaus
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 Boost TargetBuyC$29.00 ➝ C$31.00+23.26%
1/19/2024Raymond James
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 Lower TargetOutperformC$27.00 ➝ C$26.00+27.39%
11/27/2023Stifel Canada
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M. Dunn
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UpgradeHold ➝ Buy
11/6/2023Royal Bank of Canada
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 Boost TargetOutperformC$24.00 ➝ C$28.00+24.28%
7/6/2023Veritas Investment Research
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 Reiterated RatingBuy
1/18/2023Barclays
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 Set TargetOverweightC$22.00+28.96%
1/12/2023Stifel Firstegy
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M. Dunn
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:22 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 19.82% 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.


This page (TSE:ARX) was last updated on 11/19/2024 by MarketBeat.com Staff
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