Stifel Nicolaus Increases ARC Resources (OTCMKTS:AETUF) Price Target to C$14.00

ARC Resources (OTCMKTS:AETUF) had its price target upped by stock analysts at Stifel Nicolaus from C$13.50 to C$14.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the energy company’s stock.

Several other research firms also recently weighed in on AETUF. Royal Bank of Canada reiterated a “buy” rating and set a $12.00 target price on shares of ARC Resources in a research report on Friday, April 2nd. National Bank Financial reaffirmed an “outperform” rating on shares of ARC Resources in a research note on Friday, February 12th. BMO Capital Markets boosted their price objective on ARC Resources from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, February 11th. Industrial Alliance Securities began coverage on shares of ARC Resources in a report on Thursday, December 17th. They issued a “buy” rating for the company. Finally, TD Securities lifted their price target on shares of ARC Resources from $8.50 to $9.50 and gave the company a “buy” rating in a report on Thursday, February 11th. Ten investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $10.19.

Shares of ARC Resources stock traded down $0.09 on Thursday, hitting $6.08. 54,782 shares of the company’s stock were exchanged, compared to its average volume of 35,921. ARC Resources has a 1 year low of $3.22 and a 1 year high of $6.90. The company has a 50-day simple moving average of $6.27 and a 200-day simple moving average of $5.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $2.15 billion, a PE ratio of -4.25 and a beta of 1.71.

ARC Resources Company Profile

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

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Analyst Recommendations for ARC Resources (OTCMKTS:AETUF)

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