ARC Resources Ltd Announces Dividend of C$0.09 (ARX)
ARC Resources (TSE:ARX) announced a dividend on Monday, August 18th, Analyst Ratings News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.0918 per share on Monday, September 15th. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at National Bank Financial upgraded shares of ARC Resources from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 7th. On a related note, analysts at TD Securities upgraded shares of ARC Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 31st. They now have a C$38.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of ARC Resources from C$34.00 to C$35.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$35.22.
ARC Resources (TSE:ARX) opened at 31.49 on Thursday. ARC Resources has a 52-week low of $24.71 and a 52-week high of $33.68. The stock’s 50-day moving average is $30.56 and its 200-day moving average is $30.95. The company has a market cap of $9.967 billion and a P/E ratio of 35.38.
ARC Resources (TSE:ARX) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.14. On average, analysts predict that ARC Resources will post $1.30 earnings per share for the current fiscal year.
ARC Resources Ltd. (TSE:ARX) is a Canada-based conventional oil and gas company.
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