ARC Resources Ltd (ARX) Receives Consensus Rating of “Buy” from Brokerages

ARC Resources Ltd (TSE:ARX) has received an average recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$23.18.

ARX has been the topic of several recent analyst reports. National Bank Financial raised their price objective on ARC Resources from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Raymond James Financial dropped their price objective on ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 14th. CSFB dropped their price objective on ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. BMO Capital Markets dropped their price objective on ARC Resources from C$20.00 to C$19.00 in a research note on Tuesday, October 10th. Finally, Barclays dropped their price objective on ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st.

In other news, Director John Patrick Dielwart sold 15,000 shares of ARC Resources stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$17.86, for a total transaction of C$267,900.00.

Shares of ARC Resources (ARX) traded up C$0.47 during trading hours on Friday, reaching C$16.28. The company’s stock had a trading volume of 1,220,128 shares, compared to its average volume of 1,117,264. ARC Resources has a fifty-two week low of C$15.01 and a fifty-two week high of C$24.74.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, November 29th. ARC Resources’s payout ratio is 44.12%.

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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.

Analyst Recommendations for ARC Resources (TSE:ARX)

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