TSX:ARXOil and Gas
ARC Resources (TSX:ARX) Valuation Update Following Q3 Profit Drop, Attachie Delays, and Capital Return Moves
ARC Resources (TSX:ARX) saw its shares fall sharply following its third-quarter results, as the market reacted to a drop in profits and news of delays in the Attachie Phase 2 project. The company also flagged rising costs, which weighed on near-term sentiment.
See our latest analysis for ARC Resources.
Following the post-earnings dip, ARC Resources’ share price regained some ground, closing at $24.68 after seeing a 2.6% move higher in the last session. Still, the stock has lost momentum...