ARC Resources Ltd. (TSE:ARX - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$24.49 and traded as high as C$27.71. ARC Resources shares last traded at C$27.10, with a volume of 2,709,043 shares changing hands.
Analyst Upgrades and Downgrades
ARX has been the subject of several recent research reports. Jefferies Financial Group increased their price target on ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. National Bankshares upped their target price on ARC Resources from C$31.00 to C$32.00 in a report on Thursday, November 7th. UBS Group lifted their price objective on 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$33.00 to C$34.00 in a research report on Friday, November 8th. Finally, TD Securities raised their price target on ARC Resources from C$30.00 to C$31.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$31.35.
Get Our Latest Report on ARX
ARC Resources Stock Up 0.1 %
The firm's 50 day moving average price is C$25.50 and its two-hundred day moving average price is C$24.49. The firm has a market capitalization of C$16.18 billion, a PE ratio of 14.06, a P/E/G ratio of 0.29 and a beta of 1.26. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49.
ARC Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This is a positive change from ARC Resources's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 2.80%. ARC Resources's dividend payout ratio (DPR) is currently 35.23%.
Insiders Place Their Bets
In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the stock in a transaction that occurred on 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 company 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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