ARC Resources Ltd (ARX) to Release Quarterly Earnings on Thursday
ARC Resources Ltd (TSE:ARX) is set to issue its quarterly earnings data after the market closes on Thursday, August 3rd.
ARC Resources Ltd (ARX) opened at 17.53 on Thursday. The company’s 50 day moving average is $17.05 and its 200 day moving average is $18.86. The stock has a market cap of $6.20 billion and a PE ratio of 22.16. ARC Resources Ltd has a one year low of $16.23 and a one year high of $24.94.
The firm also recently declared a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.05 per share. This represents a yield of 3.42%. The ex-dividend date of this dividend is Thursday, July 27th.
A number of brokerages recently weighed in on ARX. Royal Bank Of Canada decreased their price target on shares of ARC Resources from C$25.00 to C$22.00 in a research note on Thursday, July 20th. Barclays PLC decreased their price target on shares of ARC Resources from C$24.00 to C$22.00 in a research note on Monday. National Bank Financial decreased their price target on shares of ARC Resources from C$22.00 to C$19.00 in a research note on Friday, June 23rd. Scotiabank reiterated an “outperform” rating and set a C$29.00 price target on shares of ARC Resources in a research note on Thursday, May 4th. Finally, TD Securities decreased their price target on shares of ARC Resources from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Seven research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$25.45.
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In other news, Director John Patrick Dielwart sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of C$16.77, for a total value of C$167,700.00.
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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