ARC Resources (ARX) Price Target Lowered to C$18.50 at TD Securities
Other analysts also recently issued reports about the company. CSFB decreased their price target on ARC Resources from C$23.00 to C$21.00 in a report on Tuesday, November 14th. Raymond James Financial decreased their price target on ARC Resources from C$25.00 to C$24.50 and set a strong-buy rating for the company in a report on Tuesday, November 14th. National Bank Financial decreased their price target on ARC Resources from C$17.50 to C$17.00 and set a sector perform rating for the company in a report on Friday, November 10th. Eight Capital lifted their price target on ARC Resources from C$22.00 to C$22.50 in a report on Monday, November 13th. Finally, Barclays decreased their price target on ARC Resources from C$22.00 to C$19.00 in a report on Tuesday, October 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$20.15.
Shares of ARC Resources (TSE ARX) opened at C$12.89 on Friday. The stock has a market capitalization of $4,560.00, a PE ratio of 11.72 and a beta of 0.58. ARC Resources has a fifty-two week low of C$12.28 and a fifty-two week high of C$21.78.
In other news, Director Myron Maurice Stadnyk bought 5,000 shares of ARC Resources stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of C$14.73 per share, with a total value of C$73,650.00. Also, insider Bevin Mark Wirzba bought 3,555 shares of ARC Resources stock in a transaction dated Monday, December 18th. The stock was purchased at an average cost of C$14.10 per share, with a total value of C$50,125.50. Insiders bought a total of 10,100 shares of company stock valued at $148,326 over the last three months.
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ARC Resources Company Profile
ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.
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