ARC Resources Ltd. (TSE:ARX) Given Average Recommendation of "Buy" by Brokerages

Key Points

• ARC Resources Ltd. has received an average rating of "Buy" from eight brokerages, indicating strong confidence in its prospects.
• The average one-year price target set by analysts for ARC Resources is C$33.25, reflecting positive market expectations.
• The company recently announced a quarterly dividend of $0.19 per share, with an annualized yield of 2.8% and a payout ratio of 35.86%.

Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) have been given an average rating of "Buy" by the eight ratings firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$33.25.

ARX has been the topic of several recent research reports. National Bankshares upped their target price on shares of ARC Resources from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. BMO Capital Markets increased their price objective on shares of ARC Resources from C$32.00 to C$33.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Desjardins increased their price objective on shares of ARC Resources from C$34.50 to C$35.50 and gave the company a "buy" rating in a research report on Thursday, May 22nd. ATB Capital increased their target price on shares of ARC Resources from C$31.00 to C$33.50 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada increased their target price on shares of ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd.

ARC Resources Stock Down 1.9%

ARX stock opened at C$27.14 on Friday. The stock has a market capitalization of C$15.97 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.29 and a beta of 1.26. The firm has a 50-day simple moving average of C$28.43 and a 200-day simple moving average of C$27.37. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 30.05. ARC Resources has a 52 week low of C$21.44 and a 52 week high of C$31.56.

ARC Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, June 30th. ARC Resources's payout ratio is currently 35.86%.

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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