ARX has been the topic of several other reports. TD Securities dropped their target price on shares of ARC Resources from C$19.00 to C$18.50 in a report on Friday, February 9th. Raymond James Financial downgraded shares of ARC Resources from a strong-buy rating to an outperform rating and dropped their target price for the stock from C$24.50 to C$22.00 in a report on Thursday, December 14th. National Bank Financial dropped their target price on shares of ARC Resources from C$17.00 to C$14.00 and set a sector perform rating on the stock in a report on Tuesday, January 9th. GMP Securities decreased their price target on shares of ARC Resources from C$20.50 to C$18.50 in a research note on Friday, February 9th. Finally, Barclays decreased their price target on shares of ARC Resources from C$19.00 to C$16.00 in a research note on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$19.95.
Shares of ARX stock opened at C$14.63 on Friday. ARC Resources has a 52 week low of C$11.88 and a 52 week high of C$19.09.
ARC Resources (TSE:ARX) last announced its earnings results on Thursday, February 8th. The oil and gas exploration company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.06. The firm had revenue of C$340.30 million for the quarter, compared to the consensus estimate of C$338.00 million. ARC Resources had a net margin of 23.54% and a return on equity of 8.10%.
The firm also recently declared a apr 18 dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 4.72%.
In other ARC Resources news, insider Lisa Ann Olsen purchased 2,300 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of C$12.86 per share, with a total value of C$29,578.00. Also, Director Harold N. Kvisle purchased 6,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average cost of C$12.51 per share, with a total value of C$75,060.00. Insiders have bought a total of 20,300 shares of company stock valued at $260,278 over the last ninety days.
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About ARC Resources
ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. The company was founded in 1996 and is headquartered in Calgary, Canada.
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