ARC Resources Ltd. Announces Quarterly Dividend of $0.19 (TSE:ARX)

ARC Resources Ltd. (TSE:ARX - Get Free Report) declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.19 per share by the oil and gas exploration company on Tuesday, July 15th. This represents a $0.76 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, June 30th.

ARC Resources Stock Down 0.0%

TSE:ARX traded down C$0.01 during trading hours on Friday, reaching C$28.78. The company's stock had a trading volume of 2,987,480 shares, compared to its average volume of 1,904,650. The company has a market capitalization of C$16.94 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. ARC Resources has a 12 month low of C$21.44 and a 12 month high of C$31.56. The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14. The stock has a 50 day moving average price of C$28.53 and a two-hundred day moving average price of C$27.06.

Analysts Set New Price Targets

ARX has been the subject of a number of recent research reports. Desjardins boosted their price objective on shares of ARC Resources from C$34.50 to C$35.50 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Raymond James Financial lowered their price target on shares of ARC Resources from C$33.00 to C$32.00 in a report on Wednesday, April 9th. CIBC lowered their price target on shares of ARC Resources from C$35.00 to C$33.00 in a report on Thursday, April 10th. Royal Bank Of Canada raised their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, UBS Group lowered their price target on shares of ARC Resources from C$35.00 to C$34.00 in a report on Thursday, April 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$33.17.

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.

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