ARC Resources Ltd (TSE:ARX) declared a mar 17 dividend on Thursday, March 16th. Investors of record on Friday, March 31st will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, April 17th. The ex-dividend date of this dividend is Wednesday, March 29th.
ARC Resources (TSE:ARX) opened at 19.24 on Tuesday. ARC Resources has a 52-week low of $17.43 and a 52-week high of $24.94. The firm has a market capitalization of $6.80 billion and a PE ratio of 33.75. The company’s 50-day moving average is $19.77 and its 200-day moving average is $22.00.
In other news, Director Herbert Pinder acquired 74,000 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was bought at an average cost of C$21.13 per share, for a total transaction of C$1,563,620.00. Also, insider Bevin Mark Wirzba acquired 3,130 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was purchased at an average price of C$19.02 per share, with a total value of C$59,532.60. Insiders bought 95,630 shares of company stock valued at $1,887,953 in the last quarter.
Several research firms have recently weighed in on ARX. Royal Bank of Canada lifted their target price on shares of ARC Resources from C$27.00 to C$28.00 in a research note on Thursday, December 15th. GMP Securities reduced their target price on shares of ARC Resources from C$30.50 to C$30.00 in a research note on Friday, February 10th. Scotiabank reiterated an “outperform” rating and issued a C$29.00 target price on shares of ARC Resources in a research note on Thursday, February 9th. TD Securities upgraded shares of ARC Resources from a “hold” rating to a “buy” rating in a research note on Thursday, February 9th. Finally, Desjardins lifted their target price on shares of ARC Resources from C$27.00 to C$29.00 in a research note on Wednesday, December 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. ARC Resources has a consensus rating of “Buy” and a consensus price target of C$27.25.
About ARC Resources
ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.
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