ARC Resources Ltd. (TSE:ARX) Receives Consensus Rating of “Buy” from Analysts

Shares of ARC Resources Ltd. (TSE:ARX) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$32.29.

ARX has been the subject of a number of research analyst reports. National Bankshares upped their price target on ARC Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Jefferies Financial Group upped their price target on ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. CIBC upped their price target on ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. BMO Capital Markets upped their price target on ARC Resources from C$30.00 to C$32.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group upped their price target on ARC Resources from C$29.00 to C$31.00 in a report on Thursday, November 7th.

ARC Resources Trading Down 0.6 %

Shares of TSE ARX opened at C$26.61 on Friday. The stock has a market cap of C$15.66 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.29 and a beta of 1.26. The business has a 50 day simple moving average of C$25.90 and a 200 day simple moving average of C$24.76. ARC Resources has a 52 week low of C$21.36 and a 52 week high of C$28.15. The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14.

ARC Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This is an increase from ARC Resources’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.86%. ARC Resources’s dividend payout ratio (DPR) is presently 35.86%.

Insider Buying and Selling at ARC Resources

In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the firm’s 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. Corporate insiders own 0.40% of the company’s stock.

About ARC Resources

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.