ARC Resources Ltd (TSE:ARX) had its target price lifted by analysts at Barclays PLC from C$27.00 to C$28.00 in a research note issued on Tuesday. Barclays PLC’s price objective points to a potential upside of 16.57% from the company’s current price.

ARX has been the topic of several other reports. Scotiabank reissued an “outperform” rating and issued a C$26.00 target price on shares of ARC Resources in a report on Friday, July 29th. FirstEnergy Capital boosted their target price on ARC Resources from C$22.00 to C$25.00 in a report on Monday, June 13th. Raymond James Financial Inc. boosted their target price on ARC Resources from C$27.00 to C$27.50 in a report on Tuesday, July 5th. Royal Bank Of Canada boosted their target price on ARC Resources from C$24.00 to C$25.00 in a report on Thursday, July 14th. Finally, CIBC began coverage on ARC Resources in a report on Wednesday, June 15th. They issued an “outperform” rating and a C$24.50 target price on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. ARC Resources has an average rating of “Buy” and a consensus price target of C$25.45.

Analyst Recommendations for ARC Resources (TSE:ARX)

ARC Resources (TSE:ARX) traded up 0.62% on Tuesday, hitting $24.17. The stock had a trading volume of 390,760 shares. The firm has a 50-day moving average of $22.68 and a 200 day moving average of $21.62. The company’s market capitalization is $8.49 billion. ARC Resources has a 52 week low of $14.43 and a 52 week high of $24.46.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, September 28th.

About ARC Resources

ARC Resources Ltd. is a Canada-based oil and gas company. 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. The Company 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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