ARC Resources Ltd (ARX) Announces Sep 17 Dividend of $0.05
ARC Resources Ltd (TSE:ARX) announced a sep 17 dividend on Tuesday, August 15th, RTT News reports. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.05 per share by the oil and gas exploration company on Friday, September 15th. The ex-dividend date of this dividend is Tuesday, August 29th.
ARC Resources (ARX) traded down 0.06% during trading on Tuesday, reaching $15.81. The company had a trading volume of 271,849 shares. The company has a 50-day moving average price of $16.93 and a 200 day moving average price of $18.25. The stock has a market cap of $5.59 billion and a PE ratio of 12.18. ARC Resources has a 52-week low of $15.79 and a 52-week high of $24.94.
Several analysts recently issued reports on ARX shares. Barclays PLC upgraded ARC Resources from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 18th. Scotiabank restated an “outperform” rating and set a C$29.00 target price on shares of ARC Resources in a report on Thursday, May 4th. TD Securities cut their target price on ARC Resources from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. National Bank Financial cut their target price on ARC Resources from C$22.00 to C$19.00 in a report on Friday, June 23rd. Finally, Royal Bank Of Canada cut their target price on ARC Resources from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Thursday, May 4th. Seven investment analysts have rated the stock with a buy rating, ARC Resources currently has a consensus rating of “Buy” and a consensus target price of C$25.55.
In other news, Director John Patrick Dielwart sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of C$16.77, for a total value of C$167,700.00.
ARC Resources Company Profile
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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