ARC Resources Ltd (TSE:ARX) has been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$20.15.
A number of research firms have recently weighed in on ARX. GMP Securities lowered their target price on ARC Resources from C$20.50 to C$18.50 in a research note on Friday, February 9th. Raymond James Financial lowered their target price on ARC Resources from C$22.00 to C$21.00 in a research note on Monday, February 5th. TD Securities lowered their target price on ARC Resources from C$19.00 to C$18.50 in a research note on Friday, February 9th. National Bank Financial lowered their target price on ARC Resources from C$17.00 to C$14.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Finally, Barclays lowered their target price on ARC Resources from C$19.00 to C$16.00 in a research note on Wednesday, January 17th.
In other ARC Resources news, insider Bevin Mark Wirzba purchased 3,555 shares of the stock in a transaction on Monday, December 18th. The stock was acquired at an average price of C$14.10 per share, with a total value of C$50,125.50. Also, Director Harold N. Kvisle purchased 6,000 shares of the stock in a transaction on 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 acquired a total of 23,855 shares of company stock valued at $310,404 in the last ninety days.
ARC Resources (TSE:ARX) last released its earnings results on Thursday, February 8th. The oil and gas exploration company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.06. ARC Resources had a return on equity of 8.10% and a net margin of 23.54%. The company had revenue of C$340.30 million during the quarter, compared to analyst estimates of C$338.00 million.
The firm also recently declared a apr 18 dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.05 per share. This represents a yield of 4.72%. The ex-dividend date of this dividend is Wednesday, March 28th. ARC Resources’s payout ratio is 54.55%.
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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.
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