ARC Resources Ltd (ARX) Announces $0.05 Feb 18 Dividend
ARC Resources Ltd (TSE:ARX) announced a feb 18 dividend on Monday, January 15th, RTT News reports. Shareholders of record on Wednesday, January 31st will be paid a dividend of 0.05 per share by the oil and gas exploration company on Thursday, February 15th. This represents a yield of 0.0034965034965035%. The ex-dividend date is Tuesday, January 30th.
Shares of ARC Resources (TSE:ARX) traded up C$0.01 during trading hours on Monday, reaching C$14.16. The company’s stock had a trading volume of 819,216 shares, compared to its average volume of 1,020,678. The stock has a market cap of $5,010.00, a PE ratio of 10.41 and a beta of 0.63. ARC Resources has a 12 month low of C$13.64 and a 12 month high of C$21.86.
Several brokerages have recently commented on ARX. Raymond James Financial lowered ARC Resources from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$24.50 to C$22.00 in a research note on Thursday, December 14th. BMO Capital Markets decreased their price target on ARC Resources from C$20.00 to C$19.00 in a research note on Tuesday, October 10th. National Bank Financial decreased their price target on ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. Barclays decreased their price target on ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st. Finally, CSFB decreased their price target on ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$22.05.
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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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