Several other equities research analysts have also weighed in on the company. TD Securities restated a hold rating and set a C$32.00 price target on shares of ARC Resources in a research report on Friday, July 29th. Scotiabank reiterated an outperform rating and set a C$26.00 price objective on shares of ARC Resources in a research note on Friday, July 29th. Barclays PLC lifted their price objective on ARC Resources from C$26.00 to C$27.00 in a research note on Friday, July 29th. Royal Bank Of Canada lifted their price objective on ARC Resources from C$24.00 to C$25.00 in a research note on Thursday, July 14th. Finally, Raymond James Financial Inc. lifted their price objective on ARC Resources from C$27.00 to C$27.50 in a research note on Tuesday, July 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$25.36.
ARC Resources (TSE:ARX) opened at 24.02 on Thursday. The company’s market cap is $8.43 billion. The stock’s 50 day moving average price is $22.68 and its 200 day moving average price is $21.62. ARC Resources has a 1-year low of $14.43 and a 1-year high of $24.46.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, September 28th.
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.
Receive News & Ratings for ARC Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.