Is Buying ARC Resources Ltd Here a Winning Strategy?

 Is Buying ARC Resources Ltd Here a Winning Strategy?

The stock of ARC Resources Ltd (TSE:ARX) is a huge mover today! About 220,964 shares traded hands. ARC Resources Ltd (TSE:ARX) has risen 13.57% since April 27, 2016 and is uptrending. It has outperformed by 7.64% the S&P500.
The move comes after 6 months positive chart setup for the $9.03 billion company. It was reported on Dec, 1 by Barchart.com. We have $25.44 PT which if reached, will make TSE:ARX worth $451.50M more.

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 9.57% above today’s ($24.23) stock price. ARC Resources has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, November 18 by Scotia Capital. As per Wednesday, November 16, the company rating was maintained by RBC Capital Markets. The rating was initiated by IBC with “Outperform” on Wednesday, June 15. The company was maintained on Thursday, November 17 by TD Securities. The firm has “” rating given on Monday, June 6 by Raymond James. On Friday, July 29 the stock rating was maintained by TD Securities with “Hold”. The firm has “Sector Perform” rating given on Friday, November 11 by National Bank Canada. The rating was maintained by Scotia Capital on Friday, July 29 with “Outperform”. The stock has “Outperform” rating given by National Bank Canada on Thursday, November 19. Scotia Capital maintained ARC Resources Ltd (TSE:ARX) rating on Friday, November 11. Scotia Capital has “Outperform” rating and $26 price target.

More recent ARC Resources Ltd (TSE:ARX) news were published by: Marketwatch.com which released: “ARC Resources Ltd. Confirms December 15, 2016 Dividend Amount” on November 16, 2016. Also Reuters.com published the news titled: “BRIEF-ARC Resources Ltd announces sale of Saskatchewan Assets” on November 17, 2016. Fool.ca‘s news article titled: “3 Reasons Why Arc Resources Ltd. Is the Top Energy Stock to Buy Today” with publication date: April 16, 2015 was also an interesting one.

ARC Resources Ltd. is a Canada-based gas and oil company. The company has a market cap of $9.03 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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