ARC Resources Ltd. (TSE:ARX - Get Free Report) declared a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders 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 yield of 3.1%.
ARC Resources Trading Down 0.4%
Shares of ARX traded down C$0.10 during trading on Monday, reaching C$24.19. 5,173,487 shares of the company traded hands, compared to its average volume of 1,974,770. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05. The stock has a 50-day simple moving average of C$26.77 and a 200-day simple moving average of C$27.38. The stock has a market cap of C$14.07 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.29 and a beta of 0.29. ARC Resources has a twelve month low of C$21.68 and a twelve month high of C$31.56.
Analyst Ratings Changes
Several equities analysts recently commented on ARX shares. Royal Bank Of Canada upped their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. ATB Capital boosted their target price on shares of ARC Resources from C$31.00 to C$33.50 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets boosted their target price on shares of ARC Resources from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Raymond James Financial dropped their price objective on shares of ARC Resources from C$35.00 to C$33.00 and set an "outperform" rating for the company in a research note on Monday. Finally, National Bankshares increased their price objective on shares of ARC Resources from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$33.33.
Read Our Latest Report on ARX
About ARC Resources
(
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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.
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