ARC Resources Ltd. (TSE:ARX) Receives Average Rating of “Hold” from Brokerages

ARC Resources Ltd. (TSE:ARX) has earned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$30.35.

Separately, Royal Bank Of Canada upped their target price on shares of ARC Resources from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th.

ARC Resources Stock Performance

Shares of ARX stock opened at C$33.91 on Monday. The company has a debt-to-equity ratio of 39.16, a current ratio of 0.88 and a quick ratio of 0.42. The stock has a market cap of C$19.19 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.29 and a beta of -0.41. The stock has a 50-day moving average of C$33.14 and a 200-day moving average of C$30.68. ARC Resources has a one year low of C$21.14 and a one year high of C$34.40.

ARC Resources (TSE:ARX) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.62 earnings per share for the quarter. The business had revenue of C$2.16 billion for the quarter. ARC Resources had a net margin of 19.29% and a return on equity of 16.64%. As a group, sell-side analysts expect that ARC Resources will post 2.7255139 earnings per share for the current year.

About ARC Resources

ARC Resources Ltd. is a pure-play Montney producer and one of Canada’s largest dividend-paying energy companies, featuring low-cost operations. ARC’s investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business.