The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 281,713 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 24.39% since March 24, 2016 and is uptrending. It has outperformed by 20.92% the S&P500.
The move comes after 9 months negative chart setup for the $8.00 billion company. It was reported on Oct, 31 by Barchart.com. We have $21.19 PT which if reached, will make TSE:ARX worth $560.00M less.
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. ARC Resources has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC initiated the stock with “Outperform” rating in Wednesday, June 15 report. On Friday, July 29 the stock rating was maintained by TD Securities with “Hold”. The stock of ARC Resources Ltd (TSE:ARX) earned “Outperform” rating by Scotia Capital on Friday, July 29. Raymond James maintained ARC Resources Ltd (TSE:ARX) rating on Monday, June 6. Raymond James has “” rating and $27 price target. The firm earned “Outperform” rating on Thursday, November 19 by National Bank Canada.
More important recent ARC Resources Ltd (TSE:ARX) news were published by: Bloomberg.com which released: “ARC Resources Said to Hire RBC for Sale of Saskatchewan Assets” on September 21, 2016, also Marketwatch.com published article titled: “ARC Resources Ltd. Confirms January 15, 2016 Dividend Amount”, Marketwatch.com published: “ARC Resources Ltd. Confirms November 15, 2016 Dividend Amount” on October 17, 2016. More interesting news about ARC Resources Ltd (TSE:ARX) was released by: Fool.ca and their article: “3 Reasons Why Arc Resources Ltd. Is the Top Energy Stock to Buy Today” with publication date: April 16, 2015.
ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $8.00 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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