ARC Resources Ltd (ARX) Price Target Cut to C$19.00

ARC Resources Ltd (TSE:ARX) had its price objective decreased by investment analysts at Barclays PLC from C$22.00 to C$19.00 in a research report issued to clients and investors on Tuesday. Barclays PLC’s price objective would indicate a potential upside of 20.79% from the stock’s current price.

A number of other equities analysts have also issued reports on ARX. Royal Bank Of Canada cut their target price on ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. National Bank Financial upped their target price on ARC Resources from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, BMO Capital Markets cut their target price on ARC Resources from C$20.00 to C$19.00 in a research report on Tuesday, October 10th. Six analysts have rated the stock with a buy rating, ARC Resources currently has a consensus rating of “Buy” and an average price target of C$24.28.

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In other news, Director Harold N. Kvisle purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of C$15.88 per share, with a total value of C$79,400.00. Also, Director John Patrick Dielwart sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$17.86, for a total value of C$267,900.00. Over the last three months, insiders have purchased 11,565 shares of company stock worth $185,783.

ARC Resources Company Profile

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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