Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) have been given a consensus recommendation of "Buy" by the ten analysts that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$30.96.
A number of equities analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of ARC Resources from C$29.00 to C$31.00 in a research note on Thursday, November 7th. TD Securities boosted their price objective on shares of ARC Resources from C$30.00 to C$31.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. CIBC upped their price target on ARC Resources from C$33.00 to C$34.00 in a research report on Friday, November 8th. National Bankshares upped their price target on ARC Resources from C$31.00 to C$32.00 in a research report on Thursday, November 7th. Finally, Scotiabank upped their price target on ARC Resources from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th.
View Our Latest Stock Analysis on ARX
ARC Resources Stock Down 0.2 %
TSE:ARX traded down C$0.06 during trading hours on Tuesday, reaching C$25.20. The company's stock had a trading volume of 2,400,074 shares, compared to its average volume of 2,024,616. The company has a market capitalization of C$15.02 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. ARC Resources has a 12 month low of C$19.02 and a 12 month high of C$27.40. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88. The stock has a 50 day moving average price of C$24.31 and a two-hundred day moving average price of C$24.43.
ARC Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, September 27th. ARC Resources's payout ratio is currently 35.23%.
Insider Transactions at ARC Resources
In other ARC Resources news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$27.10, for a total value of C$828,360.57. Corporate insiders own 0.40% of the company's stock.
ARC Resources Company Profile
(
Get Free ReportARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.
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