ARC Resources (TSE:ARX) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

ARC Resources Ltd. (TSE:ARX)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$24.90 and traded as high as C$27.28. ARC Resources shares last traded at C$27.02, with a volume of 991,192 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price target on ARC Resources from C$30.00 to C$32.00 in a research report on Friday, December 13th. TD Securities increased their target price on ARC Resources from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Jefferies Financial Group boosted their price target on shares of ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. CIBC increased their price objective on shares of ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. Finally, National Bankshares boosted their target price on shares of ARC Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$32.29.

ARC Resources Stock Down 0.8 %

The firm has a market cap of C$15.90 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. The stock’s 50 day moving average is C$26.12 and its 200 day moving average is C$24.90. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05.

ARC Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.81%. This is an increase from ARC Resources’s previous quarterly dividend of $0.17. ARC Resources’s payout ratio is currently 35.86%.

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.