ARC Resources Ltd. (TSE:ARX - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$24.76 and traded as high as C$26.99. ARC Resources shares last traded at C$26.61, with a volume of 948,799 shares changing hands.
Wall Street Analysts Forecast Growth
ARX has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of ARC Resources from C$27.00 to C$29.00 in a research note on Monday, December 16th. National Bankshares upped their price objective on shares of ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. UBS Group raised their price objective on shares of ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. BMO Capital Markets boosted their target price on ARC Resources from C$30.00 to C$32.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group raised their price target on ARC Resources from C$29.00 to C$31.00 in a report on Thursday, November 7th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ARC Resources has a consensus rating of "Buy" and a consensus price target of C$32.29.
Read Our Latest Research Report on ARC Resources
ARC Resources Stock Performance
The stock has a market capitalization of C$15.84 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. The stock has a 50-day moving average of C$25.94 and a 200 day moving average of C$24.78.
ARC Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.82%. This is an increase from ARC Resources's previous quarterly dividend of $0.17. ARC Resources's payout ratio is 35.86%.
Insider Activity at ARC Resources
In related news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$27.10, for a total value of C$828,360.57. 0.40% of the stock is currently owned by company insiders.
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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