ARC Resources Ltd (ARX) Director Harold N. Kvisle Acquires 12,000 Shares

ARC Resources Ltd (TSE:ARX) Director Harold N. Kvisle acquired 12,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of C$12.97 per share, for a total transaction of C$155,640.00.

Shares of ARC Resources Ltd (TSE ARX) traded down C$0.28 during midday trading on Wednesday, hitting C$12.39. The stock had a trading volume of 2,710,000 shares, compared to its average volume of 1,440,000. ARC Resources Ltd has a 1 year low of C$12.27 and a 1 year high of C$21.78. The stock has a market cap of $4,380.00, a PE ratio of 11.26 and a beta of 0.58.

The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.84%. ARC Resources’s dividend payout ratio is presently 54.55%.

A number of research analysts have recently commented on the company. GMP Securities dropped their price target on ARC Resources from C$20.50 to C$18.50 in a research report on Friday, February 9th. TD Securities dropped their price target on ARC Resources from C$19.00 to C$18.50 in a research report on Friday, February 9th. Raymond James Financial dropped their price target on ARC Resources from C$22.00 to C$21.00 in a research report on Monday, February 5th. Barclays dropped their price target on ARC Resources from C$19.00 to C$16.00 in a research report on Wednesday, January 17th. Finally, National Bank Financial dropped their price target on ARC Resources from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th. One research 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.

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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.

Insider Buying and Selling by Quarter for ARC Resources (TSE:ARX)

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