Shares of ARC Resources Ltd. (TSE:ARX – Get Rating) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.70 and traded as high as C$17.96. ARC Resources shares last traded at C$17.69, with a volume of 2,052,821 shares trading hands.
Analyst Ratings Changes
A number of research analysts recently issued reports on ARX shares. Royal Bank of Canada set a C$26.00 target price on shares of ARC Resources and gave the company an “outperform” rating in a research report on Friday, February 10th. Stifel Nicolaus dropped their target price on shares of ARC Resources from C$22.50 to C$21.00 in a report on Friday, February 10th. CIBC lowered their target price on ARC Resources from C$25.00 to C$22.00 in a report on Friday, April 14th. BMO Capital Markets upped their target price on ARC Resources from C$18.00 to C$19.00 in a report on Friday, May 5th. Finally, National Bankshares raised their target price on ARC Resources from C$18.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, ARC Resources presently has an average rating of “Moderate Buy” and an average price target of C$23.32.
ARC Resources Price Performance
The company has a market cap of C$10.81 billion, a price-to-earnings ratio of 4.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.54. The company has a fifty day simple moving average of C$16.25 and a two-hundred day simple moving average of C$16.70. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 27.57.
ARC Resources Increases Dividend
ARC Resources Company Profile
ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.
- Airline ETFs: What They Are and How to Invest
- Williams-Sonoma Is The Retail Value Play, Here’s Why
- Ladder Corporation: Climbing Higher And Paying 9% Yield
- Microbot Medical spikes 150% on its Endovascular Surgical Robot
- PetMed Express: Charts Say This Could Be The Bottom
Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.