ARC Resources Ltd Can’t Burn Your Short Portfolio. Has Another Weak Session

 ARC Resources Ltd Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 181,052 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 16.90% since April 21, 2016 and is uptrending. It has outperformed by 11.49% the S&P500.
The move comes after 5 months negative chart setup for the $8.15B company. It was reported on Nov, 25 by Barchart.com. We have $21.57 PT which if reached, will make TSE:ARX worth $570.50M less.

ARC Resources Ltd (TSE:ARX) Ratings Coverage

Out of 5 analysts covering ARC Resources (TSE:ARX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $32 is the highest target while $19.50 is the lowest. The $26.55 average target is 14.49% above today’s ($23.19) stock price. ARC Resources has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. National Bank Canada maintained it with “Outperform” rating and $25 target price in Thursday, November 19 report. The rating was maintained by Raymond James with “” on Monday, June 6. IBC initiated it with “Outperform” rating and $24.50 target price in Wednesday, June 15 report. The company was maintained on Thursday, November 17 by TD Securities. National Bank Canada maintained the stock with “Sector Perform” rating in Friday, November 11 report. Scotia Capital maintained ARC Resources Ltd (TSE:ARX) rating on Friday, November 11. Scotia Capital has “Outperform” rating and $26 price target. The stock of ARC Resources Ltd (TSE:ARX) earned “Outperform” rating by Scotia Capital on Friday, November 18. TD Securities maintained ARC Resources Ltd (TSE:ARX) rating on Friday, July 29. TD Securities has “Hold” rating and $32 price target. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Outperform”. The company was maintained on Wednesday, November 16 by RBC Capital Markets.

More news for ARC Resources Ltd (TSE:ARX) were recently published by: Marketwatch.com, which released: “ARC Resources Ltd. Confirms December 15, 2016 Dividend Amount” on November 16, 2016. Reuters.com‘s article titled: “BRIEF-ARC Resources Ltd announces sale of Saskatchewan Assets” and published on November 17, 2016 is yet another important article.

ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $8.15 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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