ARC Resources Ltd (ARX) to Issue Jan 18 Dividend of $0.05 on January 15th

ARC Resources Ltd (TSE:ARX) declared a jan 18 dividend on Friday, December 15th, RTT News reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Monday, January 15th. The ex-dividend date is Thursday, December 28th.

Shares of ARC Resources (ARX) traded down C$0.19 during trading hours on Wednesday, reaching C$14.55. The company’s stock had a trading volume of 905,556 shares, compared to its average volume of 1,129,591. ARC Resources has a one year low of C$13.64 and a one year high of C$23.70. The firm has a market capitalization of $5,150.00, a P/E ratio of 10.70 and a beta of 0.63.

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of C$14.73 per share, for a total transaction of C$73,650.00. Also, insider Bevin Mark Wirzba purchased 3,555 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of C$14.10 per share, with a total value of C$50,125.50. Insiders bought 10,100 shares of company stock valued at $148,326 over the last 90 days.

A number of research analysts have issued reports on ARX shares. National Bank Financial downgraded ARC Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, October 12th. Barclays decreased their price target on ARC Resources from C$22.00 to C$19.00 in a report on Tuesday, October 31st. Eight Capital boosted their price target on ARC Resources from C$22.00 to C$22.50 in a report on Monday, November 13th. Raymond James Financial downgraded ARC Resources from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$24.50 to C$22.00 in a report on Thursday, December 14th. Finally, BMO Capital Markets decreased their price target on ARC Resources from C$20.00 to C$19.00 in a report on Tuesday, October 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$22.35.

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About ARC Resources

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.

Dividend History for ARC Resources (TSE:ARX)

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