ARC Resources Ltd. (TSE:ARX – Get Rating) has been given an average recommendation of "Moderate Buy" by the thirteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$23.08.
Several research analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of ARC Resources from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a report on Wednesday. CIBC cut their price objective on shares of ARC Resources from C$28.00 to C$25.00 in a report on Wednesday, July 13th. National Bankshares cut their price target on shares of ARC Resources from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. Stifel Nicolaus raised their price target on shares of ARC Resources from C$23.25 to C$26.00 in a report on Wednesday, August 3rd. Finally, ATB Capital raised their price target on shares of ARC Resources from C$22.00 to C$23.00 and gave the company an "average" rating in a report on Wednesday, August 3rd.
Get ARC Resources alerts:ARC Resources Trading Down 6.0 %
Shares of ARX stock opened at C$16.34 on Friday. The firm has a market cap of C$10.70 billion and a P/E ratio of 7.56. ARC Resources has a 1-year low of C$10.20 and a 1-year high of C$22.88. The company has a debt-to-equity ratio of 34.97, a current ratio of 0.44 and a quick ratio of 0.41. The firm's 50-day simple moving average is C$17.74 and its 200-day simple moving average is C$17.46.
ARC Resources (TSE:ARX – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The oil and gas exploration company reported C$1.13 earnings per share for the quarter, topping the consensus estimate of C$0.86 by C$0.27. The company had revenue of C$2.37 billion for the quarter. As a group, equities analysts forecast that ARC Resources will post 3.2900002 EPS for the current year.ARC Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, September 28th. ARC Resources's dividend payout ratio (DPR) is 17.87%.
About ARC Resources
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ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.
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