ARC Resources Ltd. (TSE:ARX) Receives C$28.25 Average Price Target from Analysts

ARC Resources Ltd. (TSE:ARX) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$28.75.

Several brokerages have recently issued reports on ARX. Canaccord Genuity Group downgraded ARC Resources from a “buy” rating to a “hold” rating and raised their price target for the company from C$25.00 to C$27.00 in a research report on Wednesday, April 17th. Raymond James dropped their price target on ARC Resources from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. ATB Capital cut their price target on ARC Resources from C$27.00 to C$26.00 in a report on Tuesday, January 2nd. National Bankshares raised their price objective on shares of ARC Resources from C$25.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Finally, TD Securities upped their target price on shares of ARC Resources from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Friday, February 9th.

ARC Resources Stock Down 0.2 %

Shares of ARC Resources stock opened at C$25.23 on Monday. ARC Resources has a 12-month low of C$15.41 and a 12-month high of C$26.17. The company has a quick ratio of 0.42, a current ratio of 0.91 and a debt-to-equity ratio of 29.74. The stock has a 50 day moving average price of C$23.98 and a two-hundred day moving average price of C$22.08. The stock has a market capitalization of C$15.08 billion, a P/E ratio of 9.67, a PEG ratio of 0.29 and a beta of 1.33.

ARC Resources (TSE:ARX) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported C$0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.50 by C$0.34. ARC Resources had a net margin of 28.23% and a return on equity of 22.67%. The business had revenue of C$1.00 million during the quarter. Equities analysts expect that ARC Resources will post 2.0857143 earnings per share for the current year.

ARC Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.68 annualized dividend and a dividend yield of 2.70%. ARC Resources’s dividend payout ratio is currently 26.05%.

Insider Transactions at ARC Resources

In other ARC Resources news, Senior Officer Terry Michael Anderson sold 83,461 shares of ARC Resources stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$22.98, for a total transaction of C$1,917,875.36. In other ARC Resources news, Senior Officer Kristen Jon Bibby sold 8,131 shares of ARC Resources stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$23.77, for a total value of C$193,273.87. Also, Senior Officer Terry Michael Anderson sold 83,461 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$22.98, for a total value of C$1,917,875.36. 0.07% of the stock is currently owned by insiders.

ARC Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.