The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 176,977 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 26.01% since March 10, 2016 and is uptrending. It has outperformed by 20.40% the S&P500.
The move comes after 8 months positive chart setup for the $8.32B company. It was reported on Oct, 17 by Barchart.com. We have $38.37 PT which if reached, will make TSE:ARX worth $5.08 billion more.
ARC Resources Ltd (TSE:ARX) Ratings Coverage
Out of 5 analysts covering ARC Resources (TSE:ARX), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $32 is the highest target while $19.50 is the lowest. The $25.94 average target is 8.85% above today’s ($23.83) stock price. ARC Resources has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. TD Securities maintained ARC Resources Ltd (TSE:ARX) on Friday, July 29 with “Hold” rating. The firm earned “Outperform” rating on Thursday, November 19 by National Bank Canada. The rating was maintained by Scotia Capital on Friday, July 29 with “Outperform”. The rating was initiated by IBC on Wednesday, June 15 with “Outperform”. On Monday, June 6 the stock rating was maintained by Raymond James with “”.
More news for ARC Resources Ltd (TSE:ARX) were recently published by: Bloomberg.com, which released: “ARC Resources Said to Hire RBC for Sale of Saskatchewan Assets” on September 21, 2016. Marketwatch.com‘s article titled: “ARC Resources Ltd. Confirms July 15, 2016 Dividend Amount” and published on June 16, 2016 is yet another important article.
ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $8.32 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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