ARC Resources Ltd to Issue Oct 17 Dividend of $0.05 (ARX)
ARC Resources Ltd (TSE:ARX) declared a oct 17 dividend on Friday, September 15th, RTT News reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Monday, October 16th. The ex-dividend date is Thursday, September 28th.
Shares of ARC Resources (TSE:ARX) traded down 1.89% on Friday, reaching $17.63. The company’s stock had a trading volume of 2,220,984 shares. The firm has a market capitalization of $6.23 billion and a PE ratio of 13.58. ARC Resources has a one year low of $15.61 and a one year high of $24.94. The firm has a 50-day moving average price of $16.44 and a 200 day moving average price of $17.62.
In other ARC Resources news, Director Harold N. Kvisle acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of C$15.88 per share, for a total transaction of C$79,400.00. Also, Director Harold N. Kvisle acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of C$16.06 per share, with a total value of C$96,360.00.
ARX has been the topic of several recent research reports. Barclays PLC dropped their target price on ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Royal Bank Of Canada dropped their target price on ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Finally, National Bank Financial dropped their target price on ARC Resources from C$22.00 to C$19.00 in a research report on Friday, June 23rd. Seven research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$25.55.
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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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