ARC Resources (TSE:ARX) PT Lowered to C$9.50 at CIBC

Share on StockTwits

ARC Resources (TSE:ARX) had its target price reduced by CIBC from C$11.00 to C$9.50 in a report issued on Tuesday morning, BayStreet.CA reports.

ARX has been the topic of several other research reports. Raymond James reissued a strong-buy rating and issued a C$12.00 price target on shares of ARC Resources in a research note on Friday, September 13th. GMP Securities dropped their price target on ARC Resources from C$14.25 to C$10.50 in a research note on Friday, June 28th. TD Securities dropped their price target on ARC Resources from C$13.50 to C$12.50 and set a buy rating on the stock in a research note on Friday, June 21st. National Bank Financial dropped their price target on ARC Resources from C$10.50 to C$9.00 and set an outperform rating on the stock in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada lowered their target price on ARC Resources from C$12.00 to C$10.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. ARC Resources has a consensus rating of Buy and an average target price of C$10.47.

ARX opened at C$5.62 on Tuesday. The business’s 50-day moving average price is C$6.13 and its two-hundred day moving average price is C$7.03. ARC Resources has a 1 year low of C$5.37 and a 1 year high of C$13.34. The company has a market capitalization of $2.01 billion and a price-to-earnings ratio of 8.26. The company has a debt-to-equity ratio of 23.88, a current ratio of 1.06 and a quick ratio of 0.57.

ARC Resources (TSE:ARX) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.06 by C$0.03. The firm had revenue of C$282.90 million during the quarter, compared to analyst estimates of C$309.10 million. Sell-side analysts anticipate that ARC Resources will post 0.2408466 earnings per share for the current fiscal year.

The business also recently announced a oct 19 dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.05 dividend. This represents a dividend yield of 10.73%. The ex-dividend date of this dividend is Wednesday, October 30th. ARC Resources’s dividend payout ratio is currently 88.24%.

ARC Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for ARC Resources (TSE:ARX)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.