ARC Resources (TSE:ARX) Given New C$28.00 Price Target at Royal Bank Of Canada

ARC Resources (TSE:ARX) had its price objective cut by Royal Bank Of Canada from C$32.00 to C$28.00 in a report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

A number of other research analysts also recently weighed in on ARX. Raymond James Financial downgraded ARC Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$31.00 to C$28.00 in a research note on Monday. MKM Partners set a C$34.00 price objective on ARC Resources and gave the company a “buy” rating in a report on Friday, December 19th. CIBC World Markets downgraded shares of ARC Resources from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$27.50 to C$25.50 in a report on Monday. Scotiabank dropped their price target on shares of ARC Resources from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Finally, Capital One Financial upgraded shares of ARC Resources to a “strong-buy” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$29.21.

ARC Resources Stock Up 0.7%

ARC Resources stock opened at C$23.00 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05. ARC Resources has a 1-year low of C$21.14 and a 1-year high of C$31.56. The company has a fifty day simple moving average of C$25.13 and a 200 day simple moving average of C$25.57. The company has a market cap of C$13.12 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 0.29 and a beta of 0.00.

ARC Resources (TSE:ARX) last issued its quarterly earnings results on Thursday, February 5th. The oil and gas exploration company reported C$0.46 EPS for the quarter. The firm had revenue of C$1.58 billion for the quarter. ARC Resources had a net margin of 20.95% and a return on equity of 14.60%. Research analysts anticipate that ARC Resources will post 2.7255139 earnings per share for the current fiscal year.

Key ARC Resources News

Here are the key news stories impacting ARC Resources this week:

• Positive Sentiment: BMO Capital Markets trimmed its price target from C$33.00 to C$28.00 but kept an “outperform” rating, signaling continued confidence in ARC’s medium‑term outlook despite the cut. BMO target cut
• Positive Sentiment: Royal Bank of Canada lowered its target from C$32.00 to C$28.00 while maintaining an “outperform” rating, another vote of relative confidence from a major bank even as estimates were trimmed. RBC target cut
• Positive Sentiment: Desjardins cut its target to C$27.00 (from C$31.00) but kept a “buy” rating, indicating the firm still sees upside after adjusting assumptions. Desjardins note TickerReport
• Neutral Sentiment: Raymond James lowered ARC from “outperform” to “market perform” and cut its PT to C$28.00 (from C$31.00), a move that pares conviction but stops short of a sell signal. Raymond James downgrade
• Neutral Sentiment: National Bankshares moved ARC to “Sector Perform” (neutral), another sign of cautious positioning among coverage analysts. National Bankshares
• Negative Sentiment: CIBC World Markets downgraded ARC from “outperform” to “neutral” and cut its price target to C$25.50 (from C$27.50), removing a previously bullish stance and contributing to selling pressure. CIBC downgrade
• Negative Sentiment: Additional coverage shifts include cuts to “Hold” at National Bank of Canada and at CIBC Capital Markets, signaling broader downgrades across the broker community. Natl Bk Canada CIBC Capital Mkts
• Negative Sentiment: Market reaction: multiple reports note the stock fell in the double‑digits following the analyst downgrades, reflecting investor selling on reduced earnings/target visibility. Market reaction

About ARC Resources

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.