Analyst Ratings Coverage
Arc Resources, a Canadian energy company involved in the exploration, development, and production of natural gas, oil, and natural gas liquids, is closely monitored by financial analysts which have just upgraded their coverage on the stock.
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- STA Research (Hold, Target: CAD 20): STA Research has maintained a “Hold” rating for Arc Resources with a target price of CAD 20. This suggests that, in their assessment, the stock is currently fairly valued, and they do not anticipate significant price movement in the near term.
- Stifel Nicolaus (Hold, Target: CAD 24.25): Stifel Nicolaus has a “Hold” rating for Arc Resources and has raised their target price to CAD 24.25. This implies that they expect the stock to perform at its current level and do not anticipate strong price appreciation in the short term.
- CIBC World Markets (Outperform, Target: CAD 28): CIBC World Markets has an “Outperform” rating for Arc Resources and has increased their target price to CAD 28. This rating suggests that they believe the stock has the potential to outperform the market, and they anticipate positive price movement.
- Canaccord Genuity (Buy, Target: CAD 28): Canaccord Genuity has a “Buy” rating for Arc Resources and has raised their target price to CAD 28. A “Buy” rating typically indicates a positive outlook, and they anticipate that the stock is undervalued and has room for price appreciation.
- National Bank Financial (Target: CAD 26): National Bank Financial has updated its target price for Arc Resources to CAD 26. While no specific rating is mentioned, the target price change suggests that they have revised their expectations for the stock’s performance.
- TD Securities (Buy, Target: CAD 27): TD Securities has a “Buy” rating for Arc Resources and has set a target price of CAD 27. A “Buy” rating typically implies a positive outlook, and they expect the stock to perform well.
ARC Stock Analysis
Analyst Target Price and Rating: According to data compiled from 13 analysts, the average analyst target price for ARC Resources Ltd. is CAD 23.91 over the next 12 months. This target price represents the consensus estimate of where the stock is expected to trade one year from now. Investors often use this target price as a reference point for making investment decisions.
ARC Resources Ltd. holds an average analyst rating of “Strong Buy.” A “Strong Buy” rating suggests that analysts believe the stock is expected to perform exceptionally well. Typically, this rating indicates that the stock is undervalued and has significant upside potential, making it an attractive prospect for investors.
Stock Target Advisor’s Analysis: Stock Target Advisor, a platform that conducts its stock analysis, offers its own assessment of ARC Resources Ltd.’s stock. Their analysis categorizes the stock as “Slightly Bullish,” a reflection of 11 positive signals and 5 negative signals. These signals are derived from various factors, including financial performance, market trends, and company news. A “Slightly Bullish” rating implies cautious optimism about the stock’s potential for growth and positive performance in the future.
Recent Stock Performance: Understanding the recent stock performance is essential for investors to gauge the stock’s momentum and trend. At the last closing, ARC Resources Ltd.’s stock price was CAD 22.98. Over the past week, the stock price has increased by +4.36%, indicating short-term positive momentum. The +9.59% gain over the past month suggests relatively stable and modest growth in the short term. Looking at a longer horizon, the stock has demonstrated strong performance, with an +18.76% increase over the past year. This long-term growth may be attributed to robust financial performance, industry dynamics, and sustained demand for ARC Resources Ltd.’s products.
Final Stock Analysis
The analysis and forecast for ARC Resources Ltd.’s stock indicate a positive outlook. With a “Strong Buy” rating from analysts, a “Slightly Bullish” assessment from Stock Target Advisor, and recent price performance demonstrating both short-term and long-term growth, ARC Resources Ltd. remains an appealing option for investors looking for exposure to the energy sector.
