The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 111,584 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 26.74% since April 5, 2016 and is uptrending. It has outperformed by 21.96% the S&P500.
The move comes after 6 months positive chart setup for the $7.85B company. It was reported on Nov, 9 by Barchart.com. We have $37.53 PT which if reached, will make TSE:ARX worth $5.18 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 $26.10 average target is 15.44% above today’s ($22.61) stock price. ARC Resources has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by National Bank Canada given on Thursday, November 19. Scotia Capital maintained ARC Resources Ltd (TSE:ARX) on Friday, July 29 with “Outperform” rating. Raymond James maintained the shares of ARX in a report on Monday, June 6 with “” rating. The rating was maintained by TD Securities with “Hold” on Friday, July 29. The firm has “Outperform” rating by IBC given on Wednesday, June 15.
More notable 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 with their article: “ARC Resources Ltd. Confirms January 15, 2016 Dividend Amount” published on December 17, 2015, Fool.ca published: “3 Reasons Why Arc Resources Ltd. Is the Top Energy Stock to Buy Today” on April 16, 2015. More interesting news about ARC Resources Ltd (TSE:ARX) were released by: Marketwatch.com and their article: “ARC Resources Ltd. Confirms November 15, 2016 Dividend Amount” published on October 17, 2016 as well as Marketwired.com‘s news article titled: “ARC Resources Ltd. Announces Bought Deal Financing and Reduced 2015 Capital …” with publication date: January 07, 2015.
ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $7.85 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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