ARC Resources Ltd. (TSE:ARX – Get Free Report) announced a quarterly dividend on Monday, June 17th, RTT News reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.17 per share by the oil and gas exploration company on Monday, July 15th. This represents a $0.68 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 28th.
ARC Resources Trading Up 0.4 %
Shares of ARX traded up C$0.10 during midday trading on Wednesday, hitting C$24.75. 97,227 shares of the stock were exchanged, compared to its average volume of 2,033,354. ARC Resources has a 52-week low of C$17.47 and a 52-week high of C$26.17. The stock has a fifty day simple moving average of C$25.09 and a 200 day simple moving average of C$23.12. The firm has a market cap of C$14.79 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.29 and a beta of 1.32. The company has a debt-to-equity ratio of 29.15, a quick ratio of 0.42 and a current ratio of 0.79.
ARC Resources (TSE:ARX – Get Free Report) last released its earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.17). The company had revenue of C$1.31 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. ARC Resources had a net margin of 22.74% and a return on equity of 16.66%. On average, research analysts anticipate that ARC Resources will post 1.9710258 EPS for the current fiscal year.
Insider Buying and Selling at ARC Resources
Wall Street Analysts Forecast Growth
ARX has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on ARC Resources from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Jefferies Financial Group lifted their target price on ARC Resources from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Desjardins lifted their target price on ARC Resources from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Cormark lifted their target price on ARC Resources from C$32.00 to C$35.00 in a research report on Friday, May 10th. Finally, CIBC lifted their target price on ARC Resources from C$30.00 to C$31.00 in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, ARC Resources currently has an average rating of “Moderate Buy” and an average price target of C$29.85.
Get Our Latest Stock Report on ARC Resources
ARC Resources Company Profile
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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