Insider Buying: ARC Resources Ltd (ARX) Director Purchases 6,000 Shares of Stock

ARC Resources Ltd (TSE:ARX) Director Harold N. Kvisle bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average price of C$12.51 per share, with a total value of C$75,060.00.

Shares of ARC Resources Ltd (TSE:ARX) traded down C$0.28 during mid-day trading on Wednesday, hitting C$12.39. 2,710,000 shares of the stock were exchanged, compared to its average volume of 1,440,000. ARC Resources Ltd has a 52 week low of C$12.27 and a 52 week high of C$21.78. The firm has a market cap of $4,380.00, a PE ratio of 11.26 and a beta of 0.58.

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

Several equities analysts recently commented on ARX shares. Barclays cut their target price on shares of ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st. GMP Securities cut their target price on shares of ARC Resources from C$20.50 to C$18.50 in a research note on Friday, February 9th. TD Securities cut their target price on shares of ARC Resources from C$19.00 to C$18.50 in a research note on Friday, February 9th. Raymond James Financial cut their target price on shares of ARC Resources from C$22.00 to C$21.00 in a research note on Monday, February 5th. Finally, CSFB cut their target price on shares of ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$20.15.

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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.

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

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