ARC Resources Ltd (TSE:ARX) – Analysts at National Bank Financial issued their FY2019 earnings per share (EPS) estimates for ARC Resources in a report issued on Thursday. National Bank Financial analyst T. Wood expects that the oil and gas exploration company will post earnings per share of $0.40 for the year. National Bank Financial has a “Sector Perform” rating and a $14.00 price objective on the stock.
Several other research analysts have also issued reports on ARX. Barclays decreased their price target on shares of ARC Resources from C$22.00 to C$19.00 in a research report on Tuesday, October 31st. Eight Capital lifted their price objective on shares of ARC Resources from C$22.00 to C$22.50 in a research report on Monday, November 13th. Raymond James Financial lowered their price objective 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. CSFB lowered 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, TD Securities lowered their price objective on shares of ARC Resources from C$19.00 to C$18.50 in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$20.15.
ARC Resources (TSE:ARX) last posted its quarterly earnings results on Thursday, November 9th. The oil and gas exploration company reported C$0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.08 by C$0.06. The firm had revenue of C$279.20 million for the quarter, compared to analyst estimates of C$333.90 million. ARC Resources had a net margin of 18.86% and a return on equity of 5.33%.
In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of C$14.73 per share, with a total value of C$73,650.00. Also, insider Bevin Mark Wirzba bought 3,555 shares of the business’s stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of C$14.10 per share, with a total value of C$50,125.50. In the last ninety days, insiders purchased 10,100 shares of company stock valued at $148,326.
The firm also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.05 dividend. This represents a dividend yield of 0.0034965034965035%. The ex-dividend date of this dividend is Tuesday, January 30th. ARC Resources’s payout ratio is presently 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.
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