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CSFB disclosed ARC Resources (TSE:ARX), dropping its stock price target to $21.00 today

In a statement issued on 11/14/2017 CSFB lowered the target price of ARC Resources (TSE:ARX) from $23.00 to $21.00 stating a potential upside of 0.30%.

On Friday November 10, 2017, National Bank Financial released a statement for ARC Resources (TSE:ARX) bumped down the target price from $17.50 to $17.00 that suggested a downside of -0.05%.

Boasting a price of $16.13, ARC Resources (TSE:ARX) traded -1.93% lower on the day. With the last stock price close down -6.57% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. ARC Resources has recorded a 50-day average of $16.94 and a two hundred day average of $17.38. Volume of trade was down over the average, with 877,771 shares of ARX changing hands under the typical 997,643

Performance Chart

ARC Resources (TSE:ARX)

With a total market value of $0, ARC Resources has price-earnings ratio of 12.51 with a one year low of $15.61 and a one year high of $24.94 .

A total of 17 equity analysts have released a ratings update on ARX. zero equity analysts rating the company a strong buy, twelve equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $34.01.

Brief Synopsis About ARC Resources (TSE:ARX)

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. 1 (NPCU 1), Berrymoor Cardium Unit and Lindale Cardium Unit, are located in the Pembina Cardium field. Its Ante Creek property is located within the oil prone Montney trend, and produces a mixture of gas, oil and liquids. The Swan Hills property provides exposure to the Slave Point carbonate reef, which produces oil. Its South Central Alberta area includes a range of assets from southern and central Alberta. The Redwater field, located in central Alberta, produces light crude oil. The Company's Dawson Phase III facility is designed for processing capacity of approximately 90 million cubic feet (MMcf) per day and over 7,500 barrels per day of liquids-handling capacity.

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