TSE:ARXARC Resources Stock Price, Forecast & News

ARC Resources' stock was trading at C$3.63 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ARX shares have increased by 32.2% and is now trading at C$4.80. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ARC Resources in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ARC Resources.

ARC Resources is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for ARC Resources.

ARC Resources Ltd (TSE:ARX) released its quarterly earnings results on Wednesday, May, 6th. The oil and gas exploration company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.26. The oil and gas exploration company earned $268.50 million during the quarter, compared to the consensus estimate of $295.70 million. View ARC Resources' earnings history.

ARC Resources announced a quarterly dividend on Monday, June 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.06 per share on Tuesday, June 30th. This represents a $0.24 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, June 29th. This is a boost from ARC Resources's previous quarterly dividend of C$0.05. View ARC Resources' dividend history.

8 brokerages have issued twelve-month price objectives for ARC Resources' stock. Their forecasts range from C$6.00 to C$11.00. On average, they anticipate ARC Resources' stock price to reach C$7.73 in the next year. This suggests a possible upside of 60.9% from the stock's current price. View analysts' price targets for ARC Resources.

News coverage about ARX stock has trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ARC Resources earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the oil and gas exploration company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about ARC Resources.

Some companies that are related to ARC Resources include Fresnillo (FRES), South32 (S32), Cameco (CCO), BRP (DOO), Ivanhoe Mines (IVN), Mineral Resources (MIN), Iluka Resources (ILU), Coro Mining (COP), Lundin Gold (LUG), Independence Group (IGO), KAZ Minerals (KAZ), Parex Resources (PXT), Pretium Resources (PVG), Superior Plus (SPB) and Whitehaven Coal (WHC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other ARC Resources investors own include Inter Pipeline (IPL), Whitecap Resources (WCP), Enbridge (ENB), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Pembina Pipeline (PPL), Brookfield Renewable Partners (BEP.UN), Baytex Energy (BTE), Vermilion Energy (VET) and BCE (BCE).

ARC Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ARX."

Shares of ARX and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

One share of ARX stock can currently be purchased for approximately C$4.80.

ARC Resources has a market capitalization of C$1.70 billion and generates C$1.16 billion in revenue each year. ARC Resources employs 444 workers across the globe.

The official website for ARC Resources is www.arcresources.com.

ARC Resources' mailing address is 1200-308 4 Ave SW, CALGARY, AB T2P 0H7, Canada. The oil and gas exploration company can be reached via phone at +1-403-5038600.