ARC Resources Ltd (ARX) Announces Jan 18 Dividend of $0.05
ARC Resources Ltd (TSE:ARX) announced a jan 18 dividend on Friday, December 15th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Monday, January 15th. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of ARC Resources (TSE:ARX) traded down C$0.59 during midday trading on Friday, hitting C$14.07. 1,663,090 shares of the stock traded hands, compared to its average volume of 1,122,299. ARC Resources has a 52-week low of C$14.02 and a 52-week high of C$24.21.
Several analysts have recently issued reports on the stock. Raymond James Financial decreased their target price on shares of ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 14th. National Bank Financial cut shares of ARC Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, October 12th. Eight Capital upped their target price on shares of ARC Resources from C$22.00 to C$22.50 in a research report on Monday, November 13th. CSFB reduced their price objective on shares of ARC Resources from C$23.00 to C$21.00 in a research report on Tuesday, November 14th. Finally, Barclays reduced their price objective on shares of ARC Resources from C$22.00 to C$19.00 in a research report on Tuesday, October 31st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. ARC Resources presently has a consensus rating of “Buy” and a consensus target price of C$22.95.
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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