ARC Resources, the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Sam Burwell from Jefferies maintained a Buy rating on the stock and has a C$30.00 price target.
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Sam Burwell has given his Buy rating due to a combination of factors that reflect positively on ARC Resources’ financial performance and future outlook. The company reported a notable beat in cash flow per share (CFPS) for the third quarter, driven by lower transportation costs, general and administrative expenses, and cash taxes. These factors contributed to a free cash flow that significantly exceeded expectations, highlighting ARC Resources’ operational efficiency.
Additionally, the company’s 2026 production and capital expenditure guidance aligns with market expectations, suggesting stability and predictability in its future operations. While there are some concerns about the performance at Attachie, the overall solid quarterly results and the absence of major surprises in the 2026 plans support a positive outlook. These elements collectively underpin Sam Burwell’s decision to maintain a Buy rating for ARC Resources.
According to TipRanks, Burwell is a 4-star analyst with an average return of 15.0% and a 61.70% success rate. Burwell covers the Energy sector, focusing on stocks such as Gibson Energy, Paramount Resources, and AltaGas.
In another report released on October 22, Raymond James also reiterated a Buy rating on the stock with a C$33.00 price target.