ARC Resources Ltd. (TSE:ARX – Get Free Report) announced a quarterly dividend on Monday, June 17th, RTT News reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.17 per share by the oil and gas exploration company on Monday, July 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.83%.
ARC Resources Price Performance
Shares of ARX opened at C$24.01 on Tuesday. The company’s 50-day moving average is C$25.28 and its 200-day moving average is C$22.96. The company has a debt-to-equity ratio of 29.15, a current ratio of 0.79 and a quick ratio of 0.42. The firm has a market capitalization of C$14.35 billion, a PE ratio of 12.07, a PEG ratio of 0.29 and a beta of 1.32. ARC Resources has a fifty-two week low of C$17.07 and a fifty-two week high of C$26.17.
ARC Resources (TSE:ARX – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The oil and gas exploration company reported C$0.31 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.17). The business had revenue of C$1.31 billion during the quarter, compared to analyst estimates of C$1.08 billion. ARC Resources had a return on equity of 16.66% and a net margin of 22.74%. Equities analysts forecast that ARC Resources will post 1.9710258 EPS for the current year.
Insider Buying and Selling at ARC Resources
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on ARX shares. Stifel Nicolaus raised their price objective on ARC Resources from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Desjardins boosted their price objective on ARC Resources from C$29.00 to C$30.00 and gave the company a “buy” rating in a report on Monday, May 13th. BMO Capital Markets boosted their price target on shares of ARC Resources from C$28.00 to C$30.00 in a research note on Friday, May 10th. Jefferies Financial Group raised their price objective on shares of ARC Resources from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Cormark boosted their target price on shares of ARC Resources from C$32.00 to C$35.00 in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, ARC Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$29.85.
Get Our Latest Analysis 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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