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

ARC Resources Ltd. (TSE:ARX - Get Free Report) has been given a consensus rating of "Buy" by the nine brokerages that are presently covering the stock, MarketBeat reports. Eight 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 price target among analysts that have covered the stock in the last year is C$31.88.

Several research firms have recently commented on ARX. Canaccord Genuity Group upped their price target on shares of ARC Resources from C$29.00 to C$31.00 in a research report on Thursday, November 7th. UBS Group increased their price target on shares of ARC Resources from C$31.00 to C$33.00 in a research report on Monday, December 9th. CIBC boosted their price objective on shares of ARC Resources from C$34.00 to C$35.00 in a research report on Friday, January 17th. National Bankshares raised their price objective on ARC Resources from C$31.00 to C$32.00 in a research note on Thursday, November 7th. Finally, TD Securities boosted their price objective on ARC Resources from C$30.00 to C$31.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.

ARC Resources Stock Performance

Shares of ARX stock traded down C$0.03 during trading hours on Wednesday, reaching C$26.87. The company had a trading volume of 623,061 shares, compared to its average volume of 1,973,760. 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 business has a fifty day moving average price of C$25.84 and a 200-day moving average price of C$24.60. ARC Resources has a one year low of C$19.58 and a one year high of C$28.15. The firm has a market cap of C$16.02 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26.

ARC Resources (TSE:ARX - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas exploration company reported C$0.55 earnings per share for the quarter, beating the consensus estimate of C$0.34 by C$0.21. ARC Resources had a return on equity of 15.83% and a net margin of 22.23%. During the same quarter in the previous year, the business posted $0.39 EPS. Sell-side analysts predict that ARC Resources will post 2.7255139 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.83%. This is an increase from ARC Resources's previous quarterly dividend of $0.17. ARC Resources's dividend payout ratio is 35.23%.

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.

About ARC Resources

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.