ARC Resources Ltd (ARX) Announces Oct 15 Dividend of $0.10
ARC Resources Ltd (TSE:ARX) declared a oct 15 dividend on Wednesday, October 16th, Stock Ratings News reports. Investors of record on Thursday, October 31st will be given a dividend of $0.10 per share on Friday, November 15th. The ex-dividend date of this dividend is Tuesday, October 29th.
ARX has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of ARC Resources Ltd from C$29.00 to C$30.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. On a related note, analysts at CIBC downgraded shares of ARC Resources Ltd from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, July 23rd. They now have a C$30.00 price target on the stock, up previously from C$29.00. Finally, analysts at Canaccord Genuity downgraded shares of ARC Resources Ltd from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 22nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$27.56.
Shares of ARC Resources Ltd (TSE:ARX) traded up 1.39% on Wednesday, hitting $26.91. The stock had a trading volume of 526,607 shares. ARC Resources Ltd has a 52-week low of $22.32 and a 52-week high of $28.90. The stock’s 50-day moving average is $25.87 and its 200-day moving average is $26.8. The company has a P/E ratio of 40.83.
ARC Resources Ltd. (TSE:ARX), formerly ARC Energy Trust, along with its subsidiaries is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets.
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