ARC Resources Ltd. (TSE:ARX) Given Consensus Recommendation of "Buy" by Analysts

ARC Resources Ltd. (TSE:ARX - Get Free Report) has received a consensus rating of "Buy" from the eight brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$32.29.

Several research firms have issued reports on ARX. UBS Group boosted their price target on ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. National Bankshares boosted their price objective on ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. TD Securities raised their target price on shares of ARC Resources from C$33.00 to C$34.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Jefferies Financial Group upped their price target on shares of ARC Resources from C$27.00 to C$29.00 in a research report on Monday, December 16th. Finally, CIBC raised their price objective on shares of ARC Resources from C$34.00 to C$35.00 in a research report on Friday, January 17th.

Insider Transactions at ARC Resources

In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$27.10, for a total transaction of C$828,360.57. Insiders own 0.40% of the company's stock.

ARC Resources Stock Performance

ARX traded up C$0.21 during trading on Friday, hitting C$26.98. The company's stock had a trading volume of 1,492,602 shares, compared to its average volume of 1,984,056. ARC Resources has a one year low of C$21.44 and a one year high of C$28.15. The business's 50 day simple moving average is C$25.98 and its 200-day simple moving average is C$24.80. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05. The firm has a market cap of C$15.88 billion, a PE ratio of 14.23, a P/E/G ratio of 0.29 and a beta of 1.26.

ARC Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. This is an increase from ARC Resources's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 2.82%. ARC Resources's payout ratio is presently 35.86%.

ARC Resources Company Profile

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.