TD Securities restated their hold rating on shares of ARC Resources Ltd (TSE:ARX) in a report published on Tuesday morning. The firm currently has a C$26.00 target price on the oil and gas exploration company’s stock.
Other research analysts have also issued research reports about the company. RBC Capital Markets raised their price objective on ARC Resources from C$25.00 to C$26.00 in a report on Wednesday, November 16th. Royal Bank Of Canada lifted their price target on ARC Resources from C$26.00 to C$27.00 and gave the stock an outperform rating in a report on Tuesday. Barclays PLC lifted their price target on ARC Resources from C$26.00 to C$27.00 in a report on Friday, July 29th. National Bank Financial reiterated a sector perform rating and set a C$27.00 price target on shares of ARC Resources in a report on Friday, November 11th. Finally, Scotiabank reiterated an outperform rating and set a C$26.00 price target on shares of ARC Resources in a report on Friday, July 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. ARC Resources presently has an average rating of Buy and a consensus target price of C$26.00.
ARC Resources (TSE:ARX) opened at 24.00 on Tuesday. The stock has a 50 day moving average of $23.50 and a 200-day moving average of $22.53. The company’s market capitalization is $8.45 billion. ARC Resources has a 12-month low of $14.43 and a 12-month high of $24.94.
The company also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 28th.