ARC Resources Ltd. (TSE:ARX - Get Free Report) Senior Officer Kristen Jon Bibby sold 8,131 shares of ARC Resources stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$23.77, for a total value of C$193,273.87.
ARC Resources Stock Up 0.7 %
ARC Resources stock opened at C$24.15 on Friday. ARC Resources Ltd. has a fifty-two week low of C$14.83 and a fifty-two week high of C$24.31. The company has a debt-to-equity ratio of 29.74, a quick ratio of 0.42 and a current ratio of 0.91. The company has a market capitalization of C$14.41 billion, a P/E ratio of 9.25, a PEG ratio of 0.29 and a beta of 1.31. The stock has a 50-day simple moving average of C$22.34 and a 200-day simple moving average of C$21.54.
ARC Resources (TSE:ARX - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas exploration company reported C$0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.50 by C$0.34. ARC Resources had a return on equity of 22.67% and a net margin of 28.23%. The firm had revenue of C$1.00 million for the quarter. Equities research analysts expect that ARC Resources Ltd. will post 2.1692732 earnings per share for the current year.
ARC Resources Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, March 27th. ARC Resources's payout ratio is currently 26.05%.
Wall Street Analyst Weigh In
ARX has been the subject of several research analyst reports. Jefferies Financial Group set a C$28.00 price target on ARC Resources and gave the company a "buy" rating in a report on Tuesday, February 27th. CIBC decreased their target price on ARC Resources from C$28.00 to C$26.00 and set an "outperform" rating for the company in a research report on Tuesday, January 16th. TD Securities lifted their target price on ARC Resources from C$24.00 to C$25.00 and gave the company a "buy" rating in a research report on Friday, February 9th. National Bankshares reduced their price target on ARC Resources from C$26.00 to C$25.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. Finally, Raymond James reduced their target price on ARC Resources from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Friday, January 19th. Thirteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ARC Resources currently has an average rating of "Buy" and an average price target of C$27.27.
Read Our Latest Report on ARX
ARC Resources Company Profile
(
Get Free Report)
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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