ARC Resources Ltd (ARX) Plans C$0.05 Oct 16 Dividend
ARC Resources Ltd (TSE:ARX) declared a oct 16 dividend on Monday, October 17th. Stockholders of record on Monday, October 31st will be given a dividend of 0.05 per share by the oil and gas exploration company on Tuesday, November 15th. The ex-dividend date of this dividend is Thursday, October 27th.
ARC Resources (TSE:ARX) traded up 0.76% during trading on Monday, hitting $23.87. The stock had a trading volume of 457,546 shares. ARC Resources has a 52-week low of $14.43 and a 52-week high of $24.46. The company’s market cap is $8.38 billion. The firm’s 50-day moving average price is $22.78 and its 200-day moving average price is $21.71.
ARX has been the topic of a number of analyst reports. Barclays PLC raised their target price on shares of ARC Resources from C$26.00 to C$27.00 in a research report on Friday, July 29th. Royal Bank Of Canada raised their target price on shares of ARC Resources from C$24.00 to C$25.00 in a research report on Thursday, July 14th. Raymond James Financial Inc. raised their target price on shares of ARC Resources from C$27.00 to C$27.50 in a research report on Tuesday, July 5th. RBC Capital Markets raised their target price on shares of ARC Resources from C$25.00 to C$26.00 in a research report on Thursday. Finally, BMO Capital Markets raised their target price on shares of ARC Resources from C$23.00 to C$25.00 in a research report on Thursday, October 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ARC Resources currently has an average rating of “Buy” and an average target price of C$25.58.
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ARC Resources Company Profile
ARC Resources Ltd. is a Canada-based oil and gas company. The Company’s business activities include the exploration, development and production of crude oil, natural gas and natural gas liquids in over five areas across western Canada. The Company is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth.
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