Weekly Research Analysts’ Ratings Updates for ARC Resources (ARX)
A number of firms have modified their ratings and price targets on shares of ARC Resources (TSE: ARX) recently:
- 10/13/2016 – ARC Resources had its price target raised by analysts at RBC Capital Markets from C$25.00 to C$26.00.
- 10/13/2016 – ARC Resources had its price target raised by analysts at Royal Bank Of Canada from C$25.00 to C$26.00.
- 10/11/2016 – ARC Resources had its price target raised by analysts at Barclays PLC from C$27.00 to C$28.00.
- 10/6/2016 – ARC Resources had its price target raised by analysts at BMO Capital Markets from C$23.00 to C$25.00.
Shares of ARC Resources Ltd (TSE:ARX) traded down 0.38% during midday trading on Monday, reaching $23.60. 25,580 shares of the company traded hands. The company’s 50 day moving average is $22.78 and its 200-day moving average is $21.71. ARC Resources Ltd has a 12 month low of $14.43 and a 12 month high of $24.46. The stock’s market capitalization is $8.29 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%.
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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