ARC Resources Ltd to Issue Aug 17 Dividend of $0.05 (ARX)

ARC Resources Ltd (TSE:ARX) declared a aug 17 dividend on Monday, July 17th, RTT News reports. Stockholders of record on Monday, July 31st will be paid a dividend of 0.05 per share by the oil and gas exploration company on Tuesday, August 15th. This represents a dividend yield of 3.42%. The ex-dividend date is Thursday, July 27th.

Shares of ARC Resources (ARX) traded up 0.13% during trading on Wednesday, hitting $15.78. The stock had a trading volume of 687,802 shares. The firm has a 50 day moving average price of $16.90 and a 200 day moving average price of $18.22. ARC Resources has a 12-month low of $15.76 and a 12-month high of $24.94. The firm has a market cap of $5.58 billion and a P/E ratio of 12.16.

Several equities research analysts have recently issued reports on ARX shares. Royal Bank Of Canada lowered their target price on shares of ARC Resources from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Thursday, May 4th. Barclays PLC raised shares of ARC Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, April 18th. TD Securities lowered their target price on shares of ARC Resources from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Scotiabank reissued an “outperform” rating and set a C$29.00 target price on shares of ARC Resources in a research note on Thursday, May 4th. Finally, National Bank Financial lowered their target price on shares of ARC Resources from C$22.00 to C$19.00 in a research note on Friday, June 23rd. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$25.55.

In related news, Director John Patrick Dielwart sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of C$16.77, for a total value of C$167,700.00.

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ARC Resources Company Profile

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.

Dividend History for ARC Resources (TSE:ARX)

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