ARC Resources Ltd (TSE:ARX) to Post FY2017 Earnings of $0.99 Per Share, National Bank Financial Forecasts
ARC Resources Ltd (TSE:ARX) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share estimates for ARC Resources in a report issued on Thursday. National Bank Financial analyst T. Wood now anticipates that the oil and gas exploration company will post earnings of $0.99 per share for the year, up from their prior estimate of $0.85. National Bank Financial has a “Outperform” rating and a $20.00 price objective on the stock. National Bank Financial also issued estimates for ARC Resources’ FY2018 earnings at $0.49 EPS.
Several other equities research analysts also recently issued reports on ARX. Barclays PLC upgraded shares of ARC Resources from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada cut their price objective on shares of ARC Resources from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Thursday, May 4th. TD Securities cut their price objective on shares of ARC Resources from C$23.00 to C$22.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. Finally, Scotiabank restated an “outperform” rating and set a C$29.00 price objective on shares of ARC Resources in a research report on Thursday, May 4th. Seven analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$25.55.
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ARC Resources (TSE ARX) opened at 16.87 on Monday. The company’s 50-day moving average price is $17.02 and its 200 day moving average price is $18.55. ARC Resources has a 52 week low of $16.20 and a 52 week high of $24.94. The company has a market capitalization of $5.96 billion and a price-to-earnings ratio of 21.33.
The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.05 dividend. The ex-dividend date is Thursday, July 27th. This represents a yield of 3.42%.
In related news, Director John Patrick Dielwart sold 10,000 shares of ARC Resources stock in a transaction that occurred 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.
ARC Resources Company Profile
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