ARC Resources Ltd (ARX) Declares Nov 17 Dividend of $0.05
ARC Resources Ltd (TSE:ARX) announced a nov 17 dividend on Monday, October 16th, RTT News reports. Investors of record on Tuesday, October 31st will be paid a dividend of 0.05 per share by the oil and gas exploration company on Wednesday, November 15th. The ex-dividend date of this dividend is Monday, October 30th.
ARC Resources (TSE:ARX) traded down 0.032% on Monday, hitting $15.685. The company’s stock had a trading volume of 491,912 shares. ARC Resources has a 12 month low of $15.61 and a 12 month high of $24.94. The firm has a 50 day moving average of $16.96 and a 200-day moving average of $17.29. The stock has a market cap of $5.54 billion and a PE ratio of 12.084.
In other news, Director John Patrick Dielwart sold 15,000 shares of ARC Resources stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$17.86, for a total transaction of C$267,900.00. Also, Director Harold N. Kvisle acquired 6,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of C$16.06 per share, with a total value of C$96,360.00. Over the last 90 days, insiders acquired 11,565 shares of company stock valued at $185,783.
A number of brokerages have recently commented on ARX. National Bank Financial reduced their target price on shares of ARC Resources from C$22.00 to C$19.00 in a research report on Friday, June 23rd. Royal Bank Of Canada reduced their target price on shares of ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Barclays PLC reduced their target price on shares of ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Finally, BMO Capital Markets reduced their target price on shares of ARC Resources from C$20.00 to C$19.00 in a research report on Tuesday, October 10th. Six analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$25.00.
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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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