Are Analysts Bearish ARC Resources Ltd. (TSE:ARX) After Last Week?

February 12, 2018 - By Louis Casey

 Are Analysts Bearish ARC Resources Ltd. (TSE:ARX) After Last Week?

ARC Resources Ltd. (TSE:ARX) Ratings Coverage

Among 6 analysts covering ARC Resources (TSE:ARX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. ARC Resources has $32 highest and $17 lowest target. $25.71’s average target is 103.89% above currents $12.61 stock price. ARC Resources had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of ARC Resources Ltd. (TSE:ARX) has “Outperform” rating given on Thursday, November 19 by National Bank Canada. The firm has “Outperform” rating given on Wednesday, June 15 by IBC. On Friday, November 11 the stock rating was maintained by National Bank Canada with “Sector Perform”. The stock of ARC Resources Ltd. (TSE:ARX) earned “” rating by Raymond James on Monday, June 6. The rating was maintained by Scotia Capital with “Outperform” on Friday, November 18. The firm has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. TD Securities maintained ARC Resources Ltd. (TSE:ARX) on Friday, July 29 with “Hold” rating. The rating was maintained by TD Securities with “Hold” on Thursday, November 17. The firm earned “Outperform” rating on Friday, November 11 by Scotia Capital. The firm has “Outperform” rating given on Friday, July 29 by Scotia Capital. Below is a list of ARC Resources Ltd. (TSE:ARX) latest ratings and price target changes.

10/11/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $17.50 New Target: $17.00 Target Down

The stock increased 1.45% or $0.18 during the last trading session, reaching $12.61. About 2.41 million shares traded or 90.74% up from the average. ARC Resources Ltd. (TSE:ARX) has 0.00% since February 12, 2017 and is . It has underperformed by 16.70% the S&P500.

ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. The company has market cap of $4.46 billion. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. It has a 11.46 P/E ratio.

Another recent and important ARC Resources Ltd. (TSE:ARX) news was published by Seekingalpha.com which published an article titled: “ARC Resources: Attention Shoppers – Blue Chip Special” on April 10, 2017.

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