ARC Resources Ltd (ARX) Insider Lisa Ann Olsen Acquires 2,300 Shares

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%.

Several equities research analysts have recently weighed in on the stock. TD Securities reduced their target price on shares of ARC Resources from C$19.00 to C$18.50 in a research note on Friday, February 9th. Eight Capital increased their target price on shares of ARC Resources from C$22.00 to C$22.50 in a research note on Monday, November 13th. Raymond James Financial downgraded shares of ARC Resources from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from C$24.50 to C$22.00 in a research note on Thursday, December 14th. Barclays reduced their price target on shares of ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st. Finally, National Bank Financial reduced their price target on shares of ARC Resources from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price 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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