ARC Resources (TSE:ARX – Get Free Report) had its target price dropped by equities research analysts at National Bankshares from C$32.00 to C$31.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports.
ARX has been the topic of a number of other research reports. ATB Capital raised their price objective on shares of ARC Resources from C$26.00 to C$27.00 in a research note on Friday, June 28th. Jefferies Financial Group lowered their price target on ARC Resources from C$30.00 to C$27.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Scotiabank boosted their price objective on ARC Resources from C$33.00 to C$34.00 in a research note on Friday, July 12th. UBS Group decreased their target price on ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, July 10th. Finally, CIBC lifted their target price on ARC Resources from C$31.00 to C$34.00 in a report on Monday, July 15th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ARC Resources currently has an average rating of “Buy” and an average price target of C$30.32.
Read Our Latest Report on ARC Resources
ARC Resources Stock Performance
ARC Resources (TSE:ARX – Get Free Report) last announced its earnings results on Thursday, August 1st. The oil and gas exploration company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$1.15 billion during the quarter, compared to analyst estimates of C$1.03 billion. ARC Resources had a net margin of 22.23% and a return on equity of 15.83%. On average, equities research analysts predict that ARC Resources will post 3.2027972 EPS for the current year.
About ARC Resources
ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.
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