ARC Resources Ltd. (TSE:ARX - Get Free Report) declared a quarterly dividend on Monday, December 16th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.19 per share by the oil and gas exploration company on Wednesday, January 15th. This represents a $0.76 dividend on an annualized basis and a yield of 3.03%. This is a positive change from ARC Resources's previous quarterly dividend of $0.17.
ARC Resources Stock Performance
Shares of ARX traded down C$0.62 during midday trading on Monday, reaching C$25.10. 2,075,073 shares of the stock were exchanged, compared to its average volume of 2,018,029. The stock's 50 day simple moving average is C$24.69 and its 200 day simple moving average is C$24.42. ARC Resources has a twelve month low of C$19.31 and a twelve month high of C$27.40. The company has a market cap of C$14.97 billion, a P/E ratio of 13.03, a PEG ratio of 0.29 and a beta of 1.26. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ARX. CIBC boosted their price target on ARC Resources from C$33.00 to C$34.00 in a report on Friday, November 8th. BMO Capital Markets lifted their target price on shares of ARC Resources from C$30.00 to C$32.00 in a research report on Friday. 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 lifted their target price on ARC Resources from C$30.00 to C$31.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Scotiabank increased their price target on ARC Resources from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$31.35.
View Our Latest Stock Report on ARC Resources
Insider Activity
In other ARC Resources news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of ARC Resources 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. 0.40% of the stock is currently owned by corporate insiders.
About ARC Resources
(
Get Free Report)
ARC 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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