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

Key Points

• ARC Resources Ltd. has declared a quarterly dividend of $0.19 per share, with payment scheduled for October 15th to shareholders of record by September 29th.
• After a recent trading session, shares of ARC Resources fell by 0.4%, closing at C$24.19, with a market cap of C$14.07 billion.
• Analyst ratings for ARC Resources are positive, with a consensus "Buy" rating and a target price averaging C$33.33 from nine research analysts.

ARC Resources Ltd. (TSE:ARX - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Investors of record on Monday, September 29th will be given a dividend of 0.19 per share by the oil and gas exploration company on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.1%.

ARC Resources Stock Performance

Shares of TSE ARX traded down C$0.10 during trading hours on Friday, hitting C$24.77. 9,832,800 shares of the stock were exchanged, compared to its average volume of 2,055,879. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. The company's 50 day moving average is C$26.47 and its 200 day moving average is C$27.32. The firm has a market capitalization of C$14.41 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.29 and a beta of 0.29. ARC Resources has a one year low of C$21.68 and a one year high of C$31.56.

About ARC Resources

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.