ARC Resources Ltd. (TSE:ARX - Get Free Report) has earned a consensus recommendation of "Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$33.25.
Several equities research analysts have issued reports on ARX shares. Raymond James Financial cut their price objective on shares of ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, April 9th. CIBC decreased their price objective on shares of ARC Resources from C$35.00 to C$33.00 in a research note on Thursday, April 10th. National Bankshares lifted their price objective on shares of 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. Royal Bank Of Canada boosted their target price on shares of ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, UBS Group dropped their target price on shares of ARC Resources from C$35.00 to C$34.00 in a report on Thursday, April 17th.
Read Our Latest Stock Report on ARX
ARC Resources Stock Up 1.7%
ARX stock traded up C$0.46 during trading hours on Wednesday, reaching C$27.20. 1,147,520 shares of the stock were exchanged, compared to its average volume of 1,879,659. The firm's 50-day moving average is C$28.94 and its 200-day moving average is C$27.33. The company has a market cap of C$16.01 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.29 and a beta of 1.26. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.14 and a quick ratio of 0.42. ARC Resources has a 12 month low of C$21.44 and a 12 month high of C$31.56.
ARC Resources Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, June 30th. ARC Resources's dividend payout ratio is presently 35.86%.
About ARC Resources
(
Get Free ReportARC 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.
See Also
Before you consider ARC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARC Resources wasn't on the list.
While ARC Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access