ARC Resources Ltd. (TSE:ARX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$24.38 and traded as high as C$25.74. ARC Resources shares last traded at C$25.45, with a volume of 1,323,076 shares.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of ARC Resources from C$29.00 to C$31.00 in a research note on Thursday, November 7th. National Bankshares raised their target price on shares of ARC Resources from C$31.00 to C$32.00 in a research note on Thursday, November 7th. Desjardins boosted their price target on ARC Resources from C$30.00 to C$31.50 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Cormark upgraded ARC Resources to a "moderate buy" rating in a research note on Monday, September 23rd. Finally, CIBC lifted their target price on ARC Resources from C$33.00 to C$34.00 in a research note on Friday, November 8th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ARC Resources has an average rating of "Buy" and a consensus target price of C$30.96.
Check Out Our Latest Research Report on ARX
ARC Resources Stock Down 1.0 %
The firm's 50-day moving average price is C$23.75 and its 200 day moving average price is C$24.38. The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 31.49. The company has a market capitalization of C$15.17 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.29 and a beta of 1.26.
ARC Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, September 27th. ARC Resources's dividend payout ratio (DPR) is presently 35.23%.
About ARC Resources
(
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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