ARC Resources (TSE:ARX) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

ARC Resources Ltd. (TSE:ARX - Get Free Report)'s share price 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 traded.

Analyst Ratings Changes

A number of research analysts have weighed in on ARX shares. BMO Capital Markets upped their price objective on shares of ARC Resources from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. CIBC lowered their price target on ARC Resources from C$35.00 to C$33.00 in a research report on Thursday, April 10th. Desjardins increased their price target on ARC Resources from C$34.50 to C$35.50 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada upped their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial reduced their price target on shares of ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, April 9th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$33.25.

ARC Resources Stock Performance

The company has a market cap of C$16.25 billion, a PE ratio of 14.56, a PEG ratio of 0.29 and a beta of 1.26. The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14. The firm's 50 day moving average is C$28.82 and its 200-day moving average is C$27.25.

ARC Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 2.75%. ARC Resources's dividend payout ratio (DPR) is 35.86%.

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.