ARC Resources Ltd. (TSE:ARX - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$25.02 and traded as high as C$25.83. ARC Resources shares last traded at C$25.47, with a volume of 2,376,053 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. UBS Group boosted their price target on ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. National Bankshares boosted their price target on ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. TD Securities boosted their price target on ARC Resources from C$33.00 to C$34.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, CIBC boosted their price target on ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$32.29.
Get Our Latest Report on ARX
ARC Resources Stock Performance
The company has a market cap of C$14.81 billion, a P/E ratio of 13.28, a PEG ratio of 0.29 and a beta of 1.26. The company has a 50 day moving average price of C$26.31 and a 200-day moving average price of C$25.04. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05.
ARC Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. This is a boost from ARC Resources's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 3.02%. ARC Resources's dividend payout ratio is presently 35.86%.
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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