RBC Capital Markets announced ARC Resources (TSE:ARX), bumping down its price target to $27.00 earlier today
- Updated: February 12, 2017
Reporting a potential upside of 0.35%, RBC Capital Markets lowered the target price of ARC Resources (TSE:ARX) to $27.00
Previously on 1/23/2017, Barclays Capital released a statement for ARC Resources (TSE:ARX) bumped down the target price from $28.00 to $26.00 that suggested an upside of 0.27%.
Boasting a price of $20.06, ARC Resources (TSE:ARX) traded 2.22% higher on the day. With the last close down -8.75% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. ARC Resources has recorded a 50-day average of $21.33 and a two hundred day average of $22.73. Volume of trade was up over the average, with 1,740,947 shares of ARX changing hands over the typical 965,224
Recent Performance Chart
ARC Resources has 52 week low of $17.12 and a 52 week high of $24.94 and has a market cap of $0.
Also covering ARC Resources's target, a total of 17 equity analysts have released a ratings update on the stock. The consensus target price is $34.01 with 0 firms rating the stock a strong buy, twelve analysts rating the company a buy, five brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On ARC Resources (TSE:ARX)
ARC Resources Ltd. is a Canada-based oil and gas company. The Company's business activities include the exploration, development and production of crude oil, natural gas and natural gas liquids in over five areas across western Canada. The Company is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth. Its properties are located at Western Canadian Sedimentary Basin and within the Canadian provinces of British Columbia, Alberta, Saskatchewan or Manitoba. Its assets in northeast British Columbia are located in the Montney resource play. Its Ante Creek property is located within the oil prone Montney trend, and produces a mixture of gas, oil and liquids. Its Pembina Cardium field is located in western Canada. Its South Central Alberta area includes a range of assets from southern and central Alberta to southwest Saskatchewan. Its southeast Saskatchewan properties include Lougheed, Weyburn and Midale.
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