ARC Resources Ltd. (TSE:ARX - Get Free Report) has been given an average recommendation of "Buy" by the ten research firms that are currently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$31.35.
Several research firms recently weighed in on ARX. Scotiabank upped their price target on shares of 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. UBS Group lifted their price target on ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. Cormark upgraded shares of ARC Resources to a "moderate buy" rating in a report on Monday, September 23rd. Jefferies Financial Group increased their target price on shares of ARC Resources from C$27.00 to C$29.00 in a research note on Monday, December 16th. Finally, CIBC upped their price objective on ARC Resources from C$33.00 to C$34.00 in a research report on Friday, November 8th.
Get Our Latest Stock Analysis on ARX
ARC Resources Stock Performance
ARX stock traded up C$0.01 during midday trading on Friday, hitting C$25.30. 2,874,702 shares of the stock traded hands, compared to its average volume of 2,035,483. ARC Resources has a 1-year low of C$19.45 and a 1-year high of C$27.40. The company has a debt-to-equity ratio of 31.49, a current ratio of 0.88 and a quick ratio of 0.42. The stock's fifty day simple moving average is C$24.73 and its 200-day simple moving average is C$24.37. The firm has a market cap of C$15.08 billion, a P/E ratio of 13.11, a PEG ratio of 0.29 and a beta of 1.26.
ARC Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This is an increase from ARC Resources's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 3.00%. ARC Resources's dividend payout ratio (DPR) is presently 35.23%.
Insider Activity at ARC Resources
In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$27.10, for a total transaction of C$828,360.57. 0.40% of the stock is currently owned by corporate insiders.
ARC Resources Company Profile
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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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