ARC Resources (TSE:ARX – Get Free Report) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.
Several other research analysts also recently commented on the company. National Bank Financial downgraded ARC Resources from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$27.00 to C$26.00 in a report on Friday, February 6th. Capital One Financial downgraded ARC Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group reduced their price objective on ARC Resources from C$28.00 to C$27.00 in a report on Tuesday, January 20th. Scotiabank upgraded ARC Resources to a “hold” rating in a report on Wednesday, April 1st. Finally, Canaccord Genuity Group downgraded ARC Resources from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$31.00 to C$32.00 in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ARC Resources has an average rating of “Hold” and an average price target of C$29.98.
ARC Resources Trading Up 0.5%
ARC Resources (TSE:ARX – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported C$1.03 EPS for the quarter. The company had revenue of C$2.10 billion for the quarter. ARC Resources had a return on equity of 15.52% and a net margin of 20.99%. Analysts forecast that ARC Resources will post 2.7255139 earnings per share for the current year.
More ARC Resources News
Here are the key news stories impacting ARC Resources this week:
- Positive Sentiment: Shell agreed to acquire ARC in a deal reported around C$22 billion (~$16.4B), sending ARX shares sharply higher on takeover speculation and a control premium that investors typically favor. This is the primary driver of the recent surge in share price. Shell to buy Canada’s ARC Resources in $16.4-billion deal
- Positive Sentiment: Multiple outlets reported the acquisition and its market impact (coverage highlights and analyst commentary), reinforcing takeover momentum and media amplification that supports further buying interest. Shell’s $16.4B Acquisition of ARC Resources (ARX) Sends Stock Soaring 20%
- Positive Sentiment: ARC reported quarterly results showing C$1.03 EPS and C$2.10B revenue, with a 20.99% net margin and 15.52% ROE — numbers that support the company’s cash-generation story and make it an attractive takeover target. View Press Release
- Positive Sentiment: Raymond James raised its price target to C$32.80, implying modest upside and signaling some analyst support post-results/acquisition news. Analyst coverage roundup
- Neutral Sentiment: Market commentary and wire coverage (Bloomberg, Financial Post, TipRanks) have highlighted ARC as a top mover alongside peers; this broad attention amplifies liquidity and volatility but does not itself change fundamentals. Stock Movers: ARC Resources
- Negative Sentiment: Several Canadian brokers downgraded ARC’s ratings (BMO: outperform?market perform; Canaccord: buy?hold; ATB Cormark and CIBC moved to “tender”/lower stances). While many raised or left modestly higher price targets, the rating downgrades could reduce near-term buy-side enthusiasm from institutional clients. Analyst rating changes
About ARC Resources
ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.
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