ARC Resources (TSE:ARX) Stock Price Down 3.8% - Should You Sell?

Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) fell 3.8% during mid-day trading on Friday . The company traded as low as C$25.38 and last traded at C$25.40. 3,755,216 shares traded hands during trading, a decline of 5% from the average session volume of 3,959,160 shares. The stock had previously closed at C$26.41.Get ARC Resources alerts:Analysts Set New Price TargetsSeveral brokerages have recently weighed in on ARX. CIBC reduced their target price on ARC Resources from C$34.00 to C$31.50 in a research note on Wednesday, October 15th. Scotiabank dropped their target price on shares of ARC Resources from C$30.00 to C$28.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 21st. Roth Mkm upgraded shares of ARC Resources to a "strong-buy" rating in a research report on Friday, December 19th. UBS Group lowered ARC Resources from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 12th. Finally, MKM Partners set a C$34.00 target price on ARC Resources and gave the company a "buy" rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$32.13.Get Our Latest Research Report on ARXARC Resources Trading Down 13.1%The company's 50 day moving average price is C$25.22 and its 200 day moving average price is C$25.64. The firm has a market cap of C$12.84 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.29 and a beta of 0.00. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. ARC Resources (TSE:ARX - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The oil and gas exploration company reported C$0.46 earnings per share (EPS) for the quarter. ARC Resources had a return on equity of 14.60% and a net margin of 20.95%. As a group, analysts forecast that ARC Resources Ltd. will post 2.7255139 EPS for the current fiscal year. ARC Resources Company Profile (Get Free Report)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. Further ReadingFive stocks we like better than ARC ResourcesTrade this between 9:30 and 10:45 am ESTNew gold price targetWhen to buy gold (mathematically)I'm 70 With $1.5M: Would Converting $120K a Year to a Roth Be Smart or a Costly Mistake? (Ask An Advisor)Nervous about the stock market? Read thisThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ARC Resources Right Now?Before you consider ARC Resources, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARC Resources wasn't on the list.While ARC Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here