ARC Resources Ltd. (TSE:ARX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$24.67 and traded as high as C$25.17. ARC Resources shares last traded at C$24.65, with a volume of 2,021,914 shares trading hands.
Analyst Ratings Changes
ARX has been the subject of a number of research reports. Canaccord Genuity Group increased their price objective on ARC Resources from C$29.00 to C$31.00 in a report on Thursday, November 7th. National Bankshares lifted their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. CIBC upped their price objective on shares of ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. Jefferies Financial Group lifted their target price on shares of ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. Finally, BMO Capital Markets upped their price target on ARC Resources from C$30.00 to C$32.00 in a research note on Friday, December 13th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$32.29.
Check Out Our Latest Report on ARC Resources
ARC Resources Stock Up 3.0 %
The company has a 50-day moving average of C$25.76 and a two-hundred day moving average of C$24.69. 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 company has a market capitalization of C$15.90 billion, a PE ratio of 13.82, a P/E/G ratio of 0.29 and a beta of 1.26.
ARC Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. This is a boost from ARC Resources's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.85%. ARC Resources's payout ratio is presently 35.23%.
Insider Activity at ARC Resources
In other ARC Resources news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the firm's stock in a transaction dated 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
(
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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