ARC Resources Ltd. (TSE:ARX) Stock Rated “Hold” by Sell-Side Brokerages

ARC Resources Ltd. (TSE:ARX – Get Free Report) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on 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 price target on ARC Resources from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th.

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ARC Resources Price Performance

TSE:ARX opened at C$33.91 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 39.16. The firm has a market cap of C$19.19 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.29 and a beta of -0.41. The company’s 50-day moving average is C$33.67 and its two-hundred day moving average is C$31.44. ARC Resources has a 12-month low of C$21.14 and a 12-month high of C$34.40.

ARC Resources (TSE:ARX – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.62 earnings per share for the quarter. ARC Resources had a return on equity of 16.64% and a net margin of 19.29%. The company had revenue of C$2.16 billion for the quarter. Research analysts expect that ARC Resources will post 2.73 EPS for the current year.

ARC Resources Company Profile

(Get Free Report)

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.

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