ARC Resources Ltd. (TSE:ARX) Receives Average Rating of "Buy" from Brokerages

Key Points

• ARC Resources Ltd. has received a consensus rating of "Buy" from eight analysts, with an average target price of C$33.25 for the stock over the next year.
• The company announced a quarterly dividend of $0.19 per share, representing an annualized dividend of $0.76 and a dividend yield of 2.9%.
• As of the last trading session, shares of ARC Resources were down 1.6%, opening at C$26.13, with a market cap of C$15.22 billion.

ARC Resources Ltd. (TSE:ARX - Get Free Report) has been given a consensus rating of "Buy" by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price 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 research analyst reports. BMO Capital Markets lifted their price objective on ARC Resources from C$32.00 to C$33.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Desjardins lifted their price objective on ARC Resources from C$34.50 to C$35.50 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on ARC Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. ATB Capital lifted their price objective on ARC Resources from C$31.00 to C$33.50 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, National Bankshares lifted their price objective on ARC Resources from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd.

ARC Resources Stock Down 1.6%

Shares of TSE:ARX opened at C$26.13 on Thursday. The stock's 50-day moving average price is C$27.24 and its two-hundred day moving average price is C$27.47. The company has a current ratio of 1.14, a quick ratio of 0.42 and a debt-to-equity ratio of 30.05. ARC Resources has a 12-month low of C$21.44 and a 12-month high of C$31.56. The firm has a market cap of C$15.22 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.29 and a beta of 0.32.

ARC Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, June 30th. ARC Resources's dividend payout ratio (DPR) is presently 29.25%.

ARC Resources Company Profile

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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