ARC Resources Ltd. (TSE:ARX) Stock Has Consensus Target Price of C$30.35 According to Analysts

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

Separately, Royal Bank Of Canada lifted their price target on ARC Resources from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th.

ARC Resources Stock Performance

Shares of ARX opened at C$33.91 on Friday. ARC Resources has a 1-year low of C$21.14 and a 1-year high of C$34.40. The company has a market capitalization of C$19.19 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.29 and a beta of -0.41. The company has a debt-to-equity ratio of 39.16, a current ratio of 0.88 and a quick ratio of 0.42. The firm’s 50 day simple moving average is C$33.64 and its 200 day simple moving average is C$31.38.

ARC Resources (TSE:ARX) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.62 earnings per share for the quarter. ARC Resources had a net margin of 19.29% and a return on equity of 16.64%. The firm had revenue of C$2.16 billion for the quarter. Sell-side analysts forecast that ARC Resources will post 2.73 earnings per share for the current fiscal year.

ARC Resources Company Profile

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.