BMO Capital Keeps a Buy Rating on ARC Resources (AETUF)

BMO Capital analyst Randy Ollenberger maintained a Buy rating on ARC Resources (AETUFResearch Report) today and set a price target of C$23.00. The company’s shares closed last Thursday at $13.44.

According to, Ollenberger is a 5-star analyst with an average return of 12.7% and a 53.9% success rate. Ollenberger covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Whitecap Resources, and Birchcliff Energy.

ARC Resources has an analyst consensus of Strong Buy, with a price target consensus of $19.03, representing a 41.6% upside. In a report issued on July 18, National Bank also maintained a Buy rating on the stock with a C$27.00 price target.

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ARC Resources’ market cap is currently $8.93B and has a P/E ratio of 22.13.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AETUF in relation to earlier this year.

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ARC Resources Ltd. engages in the exploration, development and production of crude oil and natural gas. Its projects include Montney operations in northeast British Columbia, and the Pembina Cardium in Alberta. The company was founded by John P. Dielwart and Mac H. van Wielingen in 1996 and is headquartered in Calgary, Canada.

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