ARC Resources Ltd (ARX) Stock Rating Lowered by National Bank Financial
ARC Resources Ltd (TSE:ARX) was downgraded by investment analysts at National Bank Financial from an “outperform market weight” rating to a “sector perform market weight” rating in a note issued to investors on Thursday.
A number of other equities research analysts also recently issued reports on ARX. Royal Bank Of Canada lowered their price target on ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Barclays PLC lowered their price target on ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Finally, BMO Capital Markets lowered their price target on ARC Resources from C$20.00 to C$19.00 in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating, ARC Resources currently has a consensus rating of “Buy” and a consensus price target of C$25.00.
ARC Resources (TSE ARX) traded down 1.57% during trading on Thursday, reaching $15.69. The company had a trading volume of 1,101,641 shares. ARC Resources has a 12 month low of $15.61 and a 12 month high of $24.94. The firm’s 50 day moving average is $16.94 and its 200-day moving average is $17.32. The company has a market capitalization of $5.55 billion and a P/E ratio of 12.09.
WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/10/14/arc-resources-ltd-arx-stock-rating-lowered-by-national-bank-financial.html.
In related news, Director John Patrick Dielwart sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$17.86, for a total value of C$267,900.00. Also, Director Harold N. Kvisle purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of C$15.88 per share, for a total transaction of C$79,400.00. In the last 90 days, insiders have acquired 11,565 shares of company stock worth $185,783.
ARC Resources Company Profile
ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.
Receive News & Ratings for ARC Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.