ARX.TO ARC Resources TSX -10.12% pre-market Feb 2026: heavy volume, watch targets

The ARX.TO stock opened the pre-market session sharply lower after earnings and analyst moves, trading at C$22.83 versus a prior close of C$25.40. Volume spiked to 19,616,976 shares against an average 3,631,520, making ARC Resources (TSX) one of the most active names in Canada. The move follows a mixed Q4 release that showed stronger cash flow but an EPS miss and near-term project pauses, forcing a rapid re-rate in a stock that trades at PE 9.71 in CAD.