ARC Resources (TSE:ARX) PT Set at C$33.00 by Raymond James

ARC Resources (TSE:ARX) received a C$33.00 price objective from stock analysts at Raymond James in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James’ price objective points to a potential upside of 30.33% from the company’s previous close.

ARX has been the subject of several other research reports. CIBC raised their price target on shares of ARC Resources from C$34.00 to C$35.00 in a research note on Friday, January 17th. Jefferies Financial Group lifted their target price on ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. BMO Capital Markets upped their price target on ARC Resources from C$30.00 to C$32.00 in a research report on Friday, December 13th. UBS Group raised their price objective on ARC Resources from C$37.00 to C$39.00 in a research report on Wednesday, March 26th. Finally, National Bankshares upped their target price on ARC Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ARC Resources has a consensus rating of “Buy” and an average price target of C$32.73.

ARC Resources Stock Up 6.0 %

Shares of TSE ARX opened at C$25.32 on Tuesday. ARC Resources has a 1 year low of C$21.44 and a 1 year high of C$29.90. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. The firm has a market cap of C$14.90 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. The company has a 50 day simple moving average of C$26.56 and a 200 day simple moving average of C$25.50.

About ARC Resources

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.