ARC Resources Ltd (TSE:ARX) insider Lisa Ann Olsen bought 2,300 shares of ARC Resources stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of C$12.86 per share, for a total transaction of C$29,578.00.
ARC Resources Ltd (TSE ARX) traded down C$0.28 during mid-day trading on Wednesday, reaching C$12.39. 2,711,400 shares of the company traded hands, compared to its average volume of 1,440,000. The stock has a market cap of $4,380.00, a P/E ratio of 11.26 and a beta of 0.58. ARC Resources Ltd has a 52 week low of C$12.27 and a 52 week high of C$21.78.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, February 27th. ARC Resources’s dividend payout ratio is presently 54.55%.
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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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