ARC Resources (TSE:ARX - Free Report) had its price objective upped by BMO Capital Markets from C$32.00 to C$33.00 in a research report released on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the oil and gas exploration company's stock.
Other research analysts have also recently issued research reports about the stock. Desjardins boosted 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. UBS Group cut their price target on shares of ARC Resources from C$35.00 to C$34.00 in a report on Thursday, April 17th. Royal Bank Of Canada raised their price objective 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. CIBC dropped their target price on ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. Finally, National Bankshares upped their target price 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. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$33.25.
Check Out Our Latest Stock Report on ARX
ARC Resources Trading Down 0.3%
Shares of ARC Resources stock traded down C$0.07 on Thursday, reaching C$27.73. The company had a trading volume of 67,192 shares, compared to its average volume of 1,902,140. The firm has a market cap of C$16.32 billion, a price-to-earnings ratio of 14.63, a P/E/G 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. The firm's 50-day moving average price is C$28.65 and its two-hundred day moving average price is C$27.14. ARC Resources has a 1 year low of C$21.44 and a 1 year high of C$31.56.
ARC Resources Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.74%. ARC Resources's payout ratio is 35.86%.
ARC Resources Company Profile
(
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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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