ARC Resources Ltd (ARX) PT Lowered to C$17.00
ARC Resources Ltd (TSE:ARX) had its price objective lowered by investment analysts at National Bank Financial from C$17.50 to C$17.00 in a research report issued on Friday. The firm currently has a “sector perform” rating on the oil and gas exploration company’s stock. National Bank Financial’s target price points to a potential downside of 4.01% from the company’s current price.
A number of other analysts also recently issued reports on ARX. Barclays PLC decreased their price objective on shares of ARC Resources from C$22.00 to C$19.00 in a report on Tuesday, October 31st. Royal Bank of Canada decreased their price objective on shares of ARC Resources from C$25.00 to C$22.00 in a report on Thursday, July 20th. Finally, BMO Capital Markets decreased their price objective on shares of ARC Resources from C$20.00 to C$19.00 in a report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. ARC Resources presently has a consensus rating of “Buy” and an average price target of C$23.94.
Shares of ARC Resources (ARX) opened at C$17.71 on Friday. ARC Resources has a 1-year low of C$15.01 and a 1-year high of C$24.74.
In other ARC Resources news, Director John Patrick Dielwart sold 15,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$17.86, for a total transaction of C$267,900.00. Also, Director Harold N. Kvisle bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of C$15.88 per share, with a total value of C$79,400.00. Insiders have acquired 11,565 shares of company stock valued at $185,783 in the last quarter.
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.
Receive News & Stock Ratings for ARC Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources Ltd and related stocks with our FREE daily email newsletter.