Analyst Ratings For ARC Resources Ltd (TSE:ARX)
Today, Scotiabank reiterated its Outperform rating on ARC Resources Ltd (TSE:ARX) with a price target of C$29.00.
There are 8 buy ratings on the stock.
The current consensus rating on ARC Resources Ltd (TSE:ARX) is Buy (Score: 3.00) with a consensus target price of C$26.75 per share, a potential .
Some recent analyst ratings include
- 5/4/2017-Scotiabank Reiterated Rating of Outperform.
- 4/18/2017-Barclays PLC Upgrade from a “Equal Weight ” rating to a ” Overweight” rating.
- 2/9/2017-National Bank Financial Upgrade from a “Sector Perform ” rating to a ” Outperform” rating.
About ARC Resources Ltd (TSE:ARX)
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. 1 (NPCU 1), Berrymoor Cardium Unit and Lindale Cardium Unit, are located in the Pembina Cardium field. Its Ante Creek property is located within the oil prone Montney trend, and produces a mixture of gas, oil and liquids. The Swan Hills property provides exposure to the Slave Point carbonate reef, which produces oil. Its South Central Alberta area includes a range of assets from southern and central Alberta. The Redwater field, located in central Alberta, produces light crude oil. The Company’s Dawson Phase III facility is designed for processing capacity of approximately 90 million cubic feet (MMcf) per day and over 7,500 barrels per day of liquids-handling capacity.
Recent Trading Activity for ARC Resources Ltd (TSE:ARX)
Shares of ARC Resources Ltd closed the previous trading session at 16.86 down -0.46 -2.66% with 2,456,393 shares trading hands.