ARC Resources Ltd Declares Aug 19 Dividend of $0.05 (TSE:ARX)

ARC Resources Ltd (TSE:ARX) announced a aug 19 dividend on Thursday, August 15th, RTT News reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Monday, September 16th. The ex-dividend date of this dividend is Thursday, August 29th.

Shares of TSE ARX traded down C$0.23 during midday trading on Thursday, reaching C$5.73. 1,558,145 shares of the stock were exchanged, compared to its average volume of 2,145,393. The firm has a 50-day moving average price of C$6.38. ARC Resources has a twelve month low of C$5.68 and a twelve month high of C$15.13. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 8.49. The company has a current ratio of 1.06, a quick ratio of 0.57 and a debt-to-equity ratio of 23.88.

A number of equities research analysts recently issued reports on ARX shares. Raymond James reissued a “strong-buy” rating and issued a C$12.00 price target on shares of ARC Resources in a research note on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of ARC Resources from C$12.00 to C$10.00 in a research note on Friday, June 14th. TD Securities dropped their price target on shares of ARC Resources from C$13.50 to C$12.50 and set a “buy” rating on the stock in a research note on Friday, June 21st. GMP Securities dropped their price target on shares of ARC Resources from C$14.25 to C$10.50 in a research note on Friday, June 28th. Finally, CIBC dropped their price target on shares of ARC Resources from C$13.00 to C$11.00 in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$10.91.

ARC Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

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Dividend History for ARC Resources (TSE:ARX)

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