A Reversal for ARC Resources Ltd Is Not Near. The Stock Declines Again

 A Reversal for ARC Resources Ltd Is Not Near. The Stock Declines Again

The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 77,859 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 24.86% since April 6, 2016 and is uptrending. It has outperformed by 19.22% the S&P500.
The move comes after 6 months negative chart setup for the $8.22 billion company. It was reported on Nov, 10 by Barchart.com. We have $21.33 PT which if reached, will make TSE:ARX worth $575.40 million 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. $32 is the highest target while $19.50 is the lowest. The $26.10 average target is 13.78% above today’s ($22.94) stock price. ARC Resources has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, June 6 the stock rating was maintained by Raymond James with “”. The rating was maintained by TD Securities with “Hold” on Friday, July 29. The stock has “Outperform” rating given by IBC on Wednesday, June 15. The firm earned “Outperform” rating on Friday, July 29 by Scotia Capital. National Bank Canada maintained the shares of ARX in a report on Thursday, November 19 with “Outperform” rating.

More important recent ARC Resources Ltd (TSE:ARX) news were published by: Marketwatch.com which released: “ARC Resources Ltd. Confirms January 15, 2016 Dividend Amount” on December 17, 2015, also Fool.ca published article titled: “3 Reasons Why Arc Resources Ltd. Is the Top Energy Stock to Buy Today”, 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: Marketwatch.com and their article: “ARC Resources Ltd. Confirms July 15, 2016 Dividend Amount” with publication date: June 16, 2016.

ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $8.22 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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