Jefferies analyst Sam Burwell maintained a Buy rating on ARC Resources yesterday and set a price target of C$28.00.
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Sam Burwell has given his Buy rating due to a combination of factors, despite the recent selloff in ARC Resources’ stock. He acknowledges that the market’s reaction was initially surprising, but upon further analysis, the lack of significant improvement in the 2026 production guidance for Attachie, along with ongoing uncertainties surrounding Phase II, justified the market’s response.
While there are concerns about lower liquid volumes and increased operating expenses, which have led to downward revisions in cash flow per share estimates for 2026, Sam Burwell still sees potential in ARC Resources. The decision to lower the price target to C$28 reflects adjustments for these higher costs and reduced condensate volumes, but the overall outlook remains positive, warranting a Buy rating.
In another report released on November 7, National Bank also maintained a Buy rating on the stock with a C$30.00 price target.
Based on the recent corporate insider activity of 46 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.