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.

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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.

Analyst Recommendations for ARC Resources (TSE:ARX)

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