Several other equities research analysts have also recently issued reports on the company. Barclays PLC lifted their price objective on ARC Resources from C$27.00 to C$28.00 in a report on Tuesday, October 11th. BMO Capital Markets lifted their price objective on ARC Resources from C$23.00 to C$25.00 in a report on Thursday, October 6th. TD Securities reiterated a hold rating and issued a C$32.00 price objective on shares of ARC Resources in a report on Friday, July 29th. Scotiabank reiterated an outperform rating and issued a C$26.00 price objective on shares of ARC Resources in a report on Friday, July 29th. Finally, Royal Bank Of Canada boosted their target price on ARC Resources from C$24.00 to C$25.00 in a report on Thursday, July 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. ARC Resources presently has a consensus rating of Buy and a consensus price target of C$25.58.
ARC Resources (TSE:ARX) opened at 23.87 on Thursday. The stock’s market capitalization is $8.38 billion. The firm’s 50-day moving average price is $22.80 and its 200 day moving average price is $21.79. ARC Resources has a 12-month low of $14.43 and a 12-month high of $24.46.
The firm also recently disclosed a oct 16 dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 27th.
ARC Resources Company Profile
ARC Resources Ltd. is a Canada-based oil and gas company. The Company’s business activities include the exploration, development and production of crude oil, natural gas and natural gas liquids in over five areas across western Canada. The Company is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth.
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