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

Shares of ARC Resources Ltd. (TSE:ARX) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$30.35.

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

ARC Resources Price Performance

Shares of ARC Resources stock opened at C$33.91 on Friday. ARC Resources has a 52 week low of C$21.14 and a 52 week high of C$34.40. The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 39.16. The stock has a market cap of C$19.19 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.29 and a beta of -0.41. The company’s 50-day moving average price is C$33.72 and its two-hundred day moving average price is C$31.51.

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. The company had revenue of C$2.16 billion during the quarter. ARC Resources had a net margin of 19.29% and a return on equity of 16.64%. As a group, sell-side analysts anticipate that ARC Resources will post 2.73 EPS 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.