Could ARC Resources Ltd Recover After Today’s Huge Decline?


The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 595,765 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 21.11% since February 5, 2016 and is uptrending. It has outperformed by 4.62% the S&P500.
The move comes after 6 months negative chart setup for the $7.37B company. It was reported on Sep, 13 by We have $19.20 PT which if reached, will make TSE:ARX worth $663.30 million less.

Out of 5 analysts covering ARC Resources (TSE:ARX), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. ARC Resources has been the topic of 20 analyst reports since September 23, 2015 according to StockzIntelligence Inc.

ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $7.37 billion. 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. It currently has negative earnings. The Firm is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth.

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