BMO Capital Markets Cuts ARC Resources Ltd (ARX) Price Target to C$19.00

ARC Resources Ltd (TSE:ARX) had its target price reduced by stock analysts at BMO Capital Markets from C$20.00 to C$19.00 in a research report issued on Tuesday. BMO Capital Markets’ target price would suggest a potential upside of 14.73% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Barclays PLC lowered their target price on shares of ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Finally, National Bank Financial lowered their target price on shares of ARC Resources from C$22.00 to C$19.00 in a research report on Friday, June 23rd. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$25.00.

ARC Resources (TSE:ARX) traded down 1.51% during midday trading on Tuesday, hitting $16.31. 406,800 shares of the stock traded hands. ARC Resources has a one year low of $15.61 and a one year high of $24.94. The company’s 50 day moving average is $16.94 and its 200-day moving average is $17.38. The company has a market cap of $5.76 billion and a P/E ratio of 12.57.

WARNING: “BMO Capital Markets Cuts ARC Resources Ltd (ARX) Price Target to C$19.00” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/bmo-capital-markets-cuts-arc-resources-ltd-arx-price-target-to-c19-00.html.

In other news, Director Harold N. Kvisle acquired 5,000 shares of ARC Resources stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of C$15.88 per share, with a total value of C$79,400.00. Also, Director Harold N. Kvisle acquired 6,000 shares of ARC Resources stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of C$16.06 per share, for a total transaction of C$96,360.00. Insiders acquired 11,565 shares of company stock worth $185,783 in the last ninety days.

About ARC Resources

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production

Several other research analysts have also weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Barclays PLC lowered their target price on shares of ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Finally, National Bank Financial lowered their target price on shares of ARC Resources from C$22.00 to C$19.00 in a research report on Friday, June 23rd. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$25.00.

ARC Resources (TSE:ARX) traded down 1.51% during midday trading on Tuesday, hitting $16.31. 406,800 shares of the stock traded hands. ARC Resources has a one year low of $15.61 and a one year high of $24.94. The company’s 50 day moving average is $16.94 and its 200-day moving average is $17.38. The company has a market cap of $5.76 billion and a P/E ratio of 12.57.

WARNING: “BMO Capital Markets Cuts ARC Resources Ltd (ARX) Price Target to C$19.00” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/bmo-capital-markets-cuts-arc-resources-ltd-arx-price-target-to-c19-00.html.

In other news, Director Harold N. Kvisle acquired 5,000 shares of ARC Resources stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of C$15.88 per share, with a total value of C$79,400.00. Also, Director Harold N. Kvisle acquired 6,000 shares of ARC Resources stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of C$16.06 per share, for a total transaction of C$96,360.00. Insiders acquired 11,565 shares of company stock worth $185,783 in the last ninety days.

About ARC Resources

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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