ARC Resources Ltd. (TSE:ARX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$24.38 and traded as high as C$25.22. ARC Resources shares last traded at C$25.16, with a volume of 1,917,546 shares traded.
Wall Street Analyst Weigh In
Several research firms recently commented on ARX. CIBC increased their price objective on ARC Resources from C$33.00 to C$34.00 in a research note on Friday, November 8th. BMO Capital Markets increased their target price on shares of ARC Resources from C$30.00 to C$32.00 in a research report on Friday, December 13th. Scotiabank boosted 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 increased their price objective on shares of ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. Finally, Jefferies Financial Group boosted their target price on ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. Nine equities research 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, the company currently has an average rating of "Buy" and an average price target of C$31.35.
Read Our Latest Research Report on ARX
ARC Resources Stock Up 0.5 %
The stock has a market capitalization of C$15.08 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.29 and a beta of 1.26. The business has a 50-day moving average of C$24.68 and a 200-day moving average of C$24.37. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88.
ARC Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from ARC Resources's previous quarterly dividend of $0.17. ARC Resources's 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 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. Company insiders own 0.40% of the company's stock.
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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