Sean Ross Allen Calder Sells 30,572 Shares of ARC Resources Ltd. (TSE:ARX) Stock

ARC Resources Ltd. (TSE:ARX) 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 value of C$828,360.57.

ARC Resources Stock Performance

Shares of ARX stock opened at C$26.76 on Friday. The stock’s 50-day moving average is C$23.93 and its two-hundred day moving average is C$24.42. The firm has a market cap of C$15.95 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.29 and a beta of 1.26. ARC Resources Ltd. has a 1 year low of C$19.02 and a 1 year high of C$27.40. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88.

ARC Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Friday, September 27th. ARC Resources’s payout ratio is 35.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Securities upped 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. CIBC increased their price objective on ARC Resources from C$33.00 to C$34.00 in a research note on Friday, November 8th. Canaccord Genuity Group increased their price objective on ARC Resources from C$29.00 to C$31.00 in a research note on Thursday, November 7th. Cormark upgraded ARC Resources to a “moderate buy” rating in a research note on Monday, September 23rd. Finally, Scotiabank increased their price objective on ARC Resources from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ARC Resources has an average rating of “Buy” and an average target price of C$30.96.

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.