ARC Resources Ltd. (TSE:ARX) Given Average Rating of “Buy” by Analysts

Shares of ARC Resources Ltd. (TSE:ARX) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$30.96.

ARX has been the topic of a number of analyst reports. Cormark raised shares of ARC Resources to a “moderate buy” rating in a report on Monday, September 23rd. Jefferies Financial Group dropped their price target on ARC Resources from C$30.00 to C$27.00 and set a “buy” rating for the company in a research report on Monday, September 16th. National Bankshares raised their target price on shares of ARC Resources from C$31.00 to C$32.00 in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price target on shares of ARC Resources from C$29.00 to C$31.00 in a report on Thursday, November 7th. Finally, Scotiabank increased their target price 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.

ARC Resources Price Performance

Shares of TSE:ARX opened at C$25.26 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49. The stock’s 50 day moving average is C$24.26 and its 200-day moving average is C$24.42. ARC Resources has a twelve month low of C$19.02 and a twelve month high of C$27.40. The firm has a market capitalization of C$15.06 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.29 and a beta of 1.26.

ARC Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.69%. ARC Resources’s dividend payout ratio is presently 35.23%.

Insider Buying and Selling

In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$27.10, for a total value of C$828,360.57. 0.40% of the stock is owned by insiders.

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.