Jefferies Financial Group Lowers ARC Resources (TSE:ARX) Price Target to C$27.00

ARC Resources (TSE:ARX) had its price objective lowered by stock analysts at Jefferies Financial Group from C$30.00 to C$27.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock.

ARX has been the subject of a number of other reports. Canaccord Genuity Group increased their price target on shares of ARC Resources from C$27.00 to C$29.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Desjardins raised their price target on shares of ARC Resources from C$30.00 to C$31.50 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. ATB Capital raised their price target on shares of ARC Resources from C$26.00 to C$27.00 in a research report on Friday, June 28th. UBS Group decreased their price target on shares of ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, July 10th. Finally, CIBC raised their price target on shares of ARC Resources from C$31.00 to C$34.00 in a research report on Monday, July 15th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$30.46.

ARC Resources Stock Performance

ARC Resources has a 12 month low of C$19.02 and a 12 month high of C$26.45. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49. The company has a market capitalization of C$13.95 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.29 and a beta of 1.26. The business has a 50 day simple moving average of C$24.02 and a 200-day simple moving average of C$24.43.

ARC Resources (TSE:ARX) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas exploration company reported C$0.40 EPS for the quarter. ARC Resources had a return on equity of 15.83% and a net margin of 22.23%. The company had revenue of C$1.15 billion for the quarter, compared to the consensus estimate of C$1.03 billion. Research analysts forecast that ARC Resources will post 3.1763869 earnings per share for the current year.

ARC Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.