Analysts Set ARC Resources Ltd. (OTCMKTS:AETUF) PT at $10.29

ARC Resources Ltd. (OTCMKTS:AETUF) has been given an average recommendation of “Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.29.

AETUF has been the subject of several recent research reports. CIBC dropped their target price on shares of ARC Resources from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, December 16th. Scotiabank upgraded shares of ARC Resources from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 11th. Royal Bank of Canada restated a “buy” rating and set a $12.00 target price on shares of ARC Resources in a report on Friday, April 2nd. Industrial Alliance Securities initiated coverage on shares of ARC Resources in a report on Thursday, December 17th. They set a “buy” rating for the company. Finally, Stifel Nicolaus lifted their price target on shares of ARC Resources from $12.25 to $13.50 and gave the stock a “buy” rating in a report on Tuesday, March 9th.

OTCMKTS:AETUF opened at $6.08 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $6.27 and a two-hundred day moving average price of $5.29. ARC Resources has a twelve month low of $3.22 and a twelve month high of $6.90. The company has a market capitalization of $2.15 billion, a P/E ratio of -4.25 and a beta of 1.71.

About ARC Resources

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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