Shares of ARC Resources Ltd. (TSE:ARX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.23 and traded as high as C$28.40. ARC Resources shares last traded at C$28.05, with a volume of 2,827,669 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have commented on ARX shares. Raymond James Financial decreased their target price on ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, April 9th. ATB Capital lifted their target price 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. Royal Bank Of Canada lifted their target price 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. National Bankshares lifted 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. Finally, BMO Capital Markets lifted their target price 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. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ARC Resources currently has a consensus rating of "Buy" and an average target price of C$33.25.
View Our Latest Research Report on ARC Resources
ARC Resources Stock Performance
The stock has a market cap of C$16.19 billion, a P/E ratio of 14.50, a PEG ratio of 0.29 and a beta of 1.26. The company has a fifty day moving average of C$28.82 and a 200 day moving average of C$27.25. 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 2.76%. ARC Resources's payout ratio is 35.86%.
About ARC Resources
(
Get Free Report)
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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