ARC Resources Ltd. (TSE:ARX) Plans $0.21 Quarterly Dividend

ARC Resources Ltd. (TSE:ARX) announced a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.21 per share by the oil and gas exploration company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, March 31st.

ARC Resources Stock Up 1.5%

Shares of ARX opened at C$29.39 on Friday. The stock has a market capitalization of C$17.09 billion, a PE ratio of 13.42, a P/E/G ratio of 0.29 and a beta of -0.06. ARC Resources has a 1 year low of C$21.14 and a 1 year high of C$31.56. The company has a debt-to-equity ratio of 58.50, a quick ratio of 0.42 and a current ratio of 0.70. The company’s 50-day simple moving average is C$25.89 and its 200-day simple moving average is C$25.48.

ARC Resources (TSE:ARX) last announced its quarterly earnings data on Thursday, February 5th. The oil and gas exploration company reported C$0.46 earnings per share for the quarter. ARC Resources had a net margin of 20.99% and a return on equity of 15.52%. The firm had revenue of C$1.58 billion during the quarter. Analysts forecast that ARC Resources will post 2.7255139 earnings per share for the current fiscal year.

About ARC Resources

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.