ARC Resources Ltd. (TSE:ARX) Receives Consensus Recommendation of “Hold” from Analysts

ARC Resources Ltd. (TSE:ARX) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$30.35.

ARX has been the topic of several recent research reports. ATB Cormark Capital Markets lowered shares of ARC Resources from an “outperform” rating to a “tender” rating and set a C$31.00 target price on the stock. in a research note on Tuesday, April 28th. TD Securities downgraded shares of ARC Resources from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. Scotiabank upgraded shares of ARC Resources to a “hold” rating in a report on Wednesday, April 1st. Jefferies Financial Group lowered shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce cut shares of ARC Resources from a “neutral” rating to a “tender” rating and raised their price objective for the company from C$29.00 to C$32.00 in a research note on Tuesday, April 28th.

ARC Resources Trading Up 0.7%

Shares of ARX opened at C$32.69 on Friday. The stock’s fifty day simple moving average is C$31.15 and its 200-day simple moving average is C$28.15. The firm has a market capitalization of C$18.52 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.29 and a beta of -0.36. ARC Resources has a 12-month low of C$21.14 and a 12-month high of C$32.97. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 43.61.

ARC Resources (TSE:ARX) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported C$1.03 EPS for the quarter. The firm had revenue of C$2.10 billion during the quarter. ARC Resources had a return on equity of 17.43% and a net margin of 22.18%. As a group, research analysts predict that ARC Resources will post 2.7255139 earnings per share for the current year.

About ARC Resources

ARC Resources Ltd. is a pure-play Montney producer and one of Canada’s largest dividend-paying energy companies, featuring low-cost operations. ARC’s investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business.