ARC Resources Ltd. (TSE:ARX - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.11 and traded as high as C$28.88. ARC Resources shares last traded at C$28.71, with a volume of 1,711,601 shares traded.
Analyst Ratings Changes
Several equities research analysts have recently commented on ARX shares. ATB Capital upped their price objective on ARC Resources from C$31.00 to C$33.50 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. 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 reduced their price target on shares of ARC Resources from C$35.00 to C$34.00 in a research note on Thursday, April 17th. Raymond James Financial decreased their price objective on ARC Resources from C$33.00 to C$32.00 in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada lifted their price target on 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. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$33.17.
Get Our Latest Analysis on ARC Resources
ARC Resources Stock Performance
The company has a market capitalization of C$16.90 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. The company's fifty day simple moving average is C$28.57 and its two-hundred day simple moving average is C$27.11. The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14.
ARC Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 2.65%. ARC Resources's payout ratio is presently 35.86%.
ARC Resources Company Profile
(
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.
See Also
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