ARC Resources Ltd (TSE:ARX) declared a oct 16 dividend on Monday, October 17th. Shareholders of record on Monday, October 31st will be paid a dividend of 0.05 per share by the oil and gas exploration company on Tuesday, November 15th. The ex-dividend date of this dividend is Thursday, October 27th.
ARC Resources (TSE:ARX) opened at 23.87 on Tuesday. The company’s market cap is $8.38 billion. The firm’s 50-day moving average is $22.80 and its 200-day moving average is $21.79. ARC Resources has a 12 month low of $14.43 and a 12 month high of $24.46.
A number of analysts have recently commented on the stock. Barclays PLC boosted their target price on shares of ARC Resources from C$27.00 to C$28.00 in a report on Tuesday, October 11th. Royal Bank Of Canada upped their price target on shares of ARC Resources from C$25.00 to C$26.00 in a research note on Thursday, October 13th. Scotiabank reiterated an “outperform” rating and issued a C$26.00 price target on shares of ARC Resources in a research note on Friday, July 29th. RBC Capital Markets upped their price target on shares of ARC Resources from C$25.00 to C$26.00 in a research note on Thursday, October 13th. Finally, Raymond James Financial Inc. upped their price target on shares of ARC Resources from C$27.00 to C$27.50 in a research note on Tuesday, July 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$25.58.
About ARC Resources
ARC Resources Ltd. is a Canada-based oil and gas company. The Company’s business activities include the exploration, development and production of crude oil, natural gas and natural gas liquids in over five areas across western Canada. The Company is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth.
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