ARC Resources Ltd Expected to Post Q1 2019 Earnings of $0.16 Per Share (ARX)

ARC Resources Ltd (TSE:ARX) – Cormark issued their Q1 2019 earnings per share (EPS) estimates for shares of ARC Resources in a research report issued on Friday. Cormark analyst A. Arif anticipates that the oil and gas exploration company will post earnings per share of $0.16 for the quarter. Cormark also issued estimates for ARC Resources’ Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.34 EPS.

ARC Resources (TSE:ARX) last announced its earnings results on Thursday, November 9th. The oil and gas exploration company reported C$0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.08 by C$0.06. ARC Resources had a return on equity of 5.33% and a net margin of 18.86%. The firm had revenue of C$279.20 million for the quarter, compared to analysts’ expectations of C$333.90 million.

Several other equities research analysts have also recently commented on the company. GMP Securities dropped their target price on ARC Resources from C$20.50 to C$18.50 in a report on Friday. TD Securities dropped their target price on ARC Resources from C$19.00 to C$18.50 in a report on Friday. Raymond James Financial dropped their target price on ARC Resources from C$22.00 to C$21.00 in a report on Monday, February 5th. Barclays dropped their target price on ARC Resources from C$19.00 to C$16.00 in a report on Wednesday, January 17th. Finally, National Bank Financial dropped their target price on ARC Resources from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$20.15.

Shares of ARC Resources (TSE ARX) opened at C$12.61 on Monday. ARC Resources has a twelve month low of C$12.28 and a twelve month high of C$21.78. The company has a market capitalization of $4,460.00, a P/E ratio of 9.27 and a beta of 0.58.

In other news, insider Bevin Mark Wirzba acquired 3,555 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of C$14.10 per share, for a total transaction of C$50,125.50. Also, Director Myron Maurice Stadnyk acquired 5,000 shares of the stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of C$14.73 per share, for a total transaction of C$73,650.00. Insiders acquired 10,100 shares of company stock worth $148,326 in the last ninety days.

The business also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a dividend yield of 0.0034965034965035%. ARC Resources’s dividend payout ratio is currently 44.12%.

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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.

Earnings History and Estimates for ARC Resources (TSE:ARX)

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