ARC Resources Ltd. (TSE:ARX) Receives C$30.35 Average Target Price from Analysts

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

Separately, Royal Bank Of Canada raised 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 report on Wednesday, July 15th.

ARC Resources Price Performance

ARX stock opened at C$33.91 on Monday. The stock has a market capitalization of C$19.19 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.29 and a beta of -0.41. The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 39.16. ARC Resources has a 12 month low of C$21.14 and a 12 month high of C$34.40. The firm has a 50-day moving average price of C$33.03 and a 200-day moving average price of C$30.56.

ARC Resources (TSE:ARX) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.62 earnings per share (EPS) for the quarter. The company had revenue of C$2.16 billion for the quarter. ARC Resources had a net margin of 19.29% and a return on equity of 16.64%. As a group, equities research analysts anticipate that ARC Resources will post 2.7255139 EPS for the current fiscal year.

About ARC Resources

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.