ARC Resources Ltd. (TSE:ARX – Get Free Report) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$32.29.
A number of research analysts recently weighed in on ARX shares. National Bankshares raised their price objective on ARC Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. CIBC raised their target price on ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. UBS Group raised their target price on ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. BMO Capital Markets raised their target price on ARC Resources from C$30.00 to C$32.00 in a report on Friday, December 13th. Finally, TD Securities raised their target price on ARC Resources from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Friday, February 7th.
Read Our Latest Stock Report on ARX
ARC Resources Stock Up 1.9 %
ARC Resources Company Profile
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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