ARC Resources (OTCMKTS:AETUF) Given New C$16.00 Price Target at Canaccord Genuity

ARC Resources (OTCMKTS:AETUF) had its target price raised by analysts at Canaccord Genuity from C$15.00 to C$16.00 in a report released on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the energy company’s stock.

Other research analysts have also issued research reports about the company. National Bank Financial decreased their target price on ARC Resources from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Monday, July 19th. Stifel Nicolaus increased their target price on ARC Resources from C$14.75 to C$17.50 and gave the company a “buy” rating in a research report on Monday, June 28th. CIBC increased their target price on ARC Resources from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 14th. Scotiabank increased their target price on ARC Resources from C$15.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, July 15th. Finally, BMO Capital Markets increased their target price on ARC Resources from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Friday, May 28th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.19.

Shares of OTCMKTS AETUF traded down $0.06 during midday trading on Wednesday, reaching $7.63. 81,551 shares of the stock were exchanged, compared to its average volume of 64,234. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 20.62 and a beta of 1.86. ARC Resources has a twelve month low of $4.10 and a twelve month high of $9.10. The firm has a 50-day simple moving average of $7.25 and a two-hundred day simple moving average of $7.07. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.33.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, July 29th. The energy company reported ($0.13) EPS for the quarter. ARC Resources had a return on equity of 2.49% and a net margin of 4.37%. The firm had revenue of $1 billion for the quarter.

ARC Resources Company Profile

ARC Resources Ltd. engages in the exploration, development and production of crude oil and natural gas. Its projects include Montney operations in northeast British Columbia, and the Pembina Cardium in Alberta. The company was founded by John Patrick Dielwart and Mac H. van Wielingen in 1996 and is headquartered in Calgary, Canada.

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Analyst Recommendations for ARC Resources (OTCMKTS:AETUF)

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