ARC Resources Ltd. (TSE:ARX) Senior Officer Ryan Victor Berrett Sells 23,293 Shares

ARC Resources Ltd. (TSE:ARX) Senior Officer Ryan Victor Berrett sold 23,293 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$25.67, for a total value of C$597,961.59.

ARC Resources Stock Down 1.5 %

Shares of TSE:ARX opened at C$25.06 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 29.15. ARC Resources Ltd. has a 12 month low of C$16.24 and a 12 month high of C$26.17. The company has a 50-day moving average price of C$25.00 and a 200 day moving average price of C$22.56. The company has a market cap of C$14.98 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.29 and a beta of 1.32.

ARC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, March 27th. ARC Resources’s payout ratio is 34.17%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Canaccord Genuity Group downgraded shares of ARC Resources from a “buy” rating to a “hold” rating and upped their target price for the stock from C$25.00 to C$27.00 in a report on Wednesday, April 17th. CIBC upped their target price on shares of ARC Resources from C$30.00 to C$31.00 in a report on Friday, May 10th. BMO Capital Markets upped their target price on shares of ARC Resources from C$28.00 to C$30.00 in a report on Friday, May 10th. National Bankshares upped their target price on shares of ARC Resources from C$25.00 to C$33.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Finally, Desjardins upped their target price on shares of ARC Resources from C$29.00 to C$30.00 and gave the stock a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$29.85.

ARC Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.