ARC Resources (AETUF) Gets a Buy Rating from Tudor Pickering

In a report released today, Aaron Swanson from Tudor Pickering reiterated a Buy rating on ARC Resources (AETUFResearch Report). The company’s shares closed last Monday at $5.01.

ARC Resources has an analyst consensus of Strong Buy, with a price target consensus of $7.90, which is a 62.9% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$8.25 price target.

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Based on ARC Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $70.56 million. In comparison, last year the company had a net profit of $34.51 million.

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