$ARX

4 stories mentioning ARXUpdated 43d ago

Every FINWIRES story that references ARX, newest first.

Research Alert: Arx Maintained Hold Following Shell Acquisition Announcement: Tp Cad33

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain ARX at Hold and increase the target price to CAD33, which is generated from a 5.2x EBITDA multiple applied to our FY 27 EBITDA projection and matches the announced Shell acquisition price. At this time we do not foresee any issues with closing and do not discount the deal price. We adjusted our EPS estimate for FY 26 to CAD3.10 from CAD2.48 and increase FY 27 to CAD2.93 from CAD2.75. Fundamentals in Q1 were strong, with production of 418,522 boe/day, up 12% Y/Y and 16% on a per share basis. FFO increased to CAD967M, or CAD1.70 per share, up 17% per share from Q1 2025, supported by higher volumes and strong natural gas pricing that realized CAD4.51/Mcf.

$ARX

Research54d ago

Research Alert: Arx Maintained Hold Following Shell Acquisition Announcement: Tp Cad33

$ARX

Research55d ago

Research Alert: Arx: Record Q1 Production As Shell Announces Cad22 Billion Acquisition

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ARC Resources (ARX) delivered record Q1 production of 418,522 boe/day, up 12% Y/Y, with funds from operations of CAD967M (CAD1.70/share, +17% per share) and free funds flow of CAD459M (CAD0.81/share, +19% per share Y/Y). Strong natural gas pricing of CAD4.51/Mcf and higher volumes led to the outperformance, while the company returned CAD256M to shareholders (56% of free funds flow) through dividends and share repurchases. On April 27, ARX announced a CAD22B acquisition by Shell at CAD32.80/share, representing a 27% premium and validating the company's operational excellence. Management maintained 2026 guidance of 405,000-420,000 boe/day production and CAD1.8B-CAD1.9B in capital spending, though Q2 will see planned turnaround impacts. The quarter demonstrates why Shell pursued this strategic acquisition, as ARX achieved double-digit production growth and strong gas pricing realization. We expect shares to trade near the CAD32.80 offer price barring any closing complexities.

$ARX

Research57d ago

Research Alert: Arc Resources To Be Acquired By Shell For Cad22b, Growing Lng Canada Synergies

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Shell plc (SHELL LN GBP33 ***) agreed to acquire ARC Resources Ltd. in a CAD22B cash-and-stock transaction at CAD32.80 per share, a 27% premium to ARC's April 26 closing price. ARC shareholders will receive 0.40247 Shell shares plus CAD8.20 cash per share, with the deal unanimously recommended by ARC's board. The acquisition strategically strengthens Shell's integrated gas business by adding high-quality Montney reserves and creating synergies with Shell's existing 40% stake in LNG Canada to accelerate export value. The transaction requires 66.67% shareholder approval at a July 2026 meeting and regulatory clearances, with closing expected in H2 2026. We believe the deal establishes a scaled Canadian growth platform with decades of resource runway while bringing deep Montney technical expertise to Shell's global organization. ARC's status as a top-quartile low carbon intensity producer aligns with Shell's "more value, less emissions" strategy. ARX trades flat year-to-date and down about 4% over 12 months.

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