ARC Resources (TSE:ARX) Price Target Lowered to C$28.00 at BMO Capital Markets

ARC Resources (TSE:ARX) had its price objective reduced by BMO Capital Markets from C$33.00 to C$28.00 in a research report report published on Monday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the oil and gas exploration company’s stock.

Several other analysts have also weighed in on ARX. Raymond James Financial lowered shares of ARC Resources from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$31.00 to C$28.00 in a research report on Monday. Cibc Captl Mkts cut shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday. Canadian Imperial Bank of Commerce lowered their price objective on ARC Resources from C$34.00 to C$31.50 in a research note on Wednesday, October 15th. UBS Group cut ARC Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Natl Bk Canada downgraded ARC Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$29.21.

ARC Resources Price Performance

Shares of ARX stock opened at C$23.00 on Monday. The company has a market capitalization of C$13.12 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.29 and a beta of 0.00. 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 12 month low of C$21.14 and a 12 month high of C$31.56. The stock has a 50 day moving average of C$25.13 and a two-hundred day moving average of C$25.57.

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

Key Stories Impacting ARC Resources

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

ARC Resources Company Profile

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.