ARC Resources Ltd (TSE:ARX) announced a quarterly dividend on Friday, September 16th. Shareholders of record on Friday, September 30th will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, October 17th. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, September 28th.

ARX has been the subject of several recent research reports. Raymond James Financial Inc. set a C$27.00 target price on shares of ARC Resources in a research report on Monday, June 6th. CIBC initiated coverage on shares of ARC Resources in a research report on Wednesday, June 15th. They issued an “outperform” rating and a C$24.50 target price for the company. Royal Bank Of Canada boosted their target price on shares of ARC Resources from C$24.00 to C$25.00 in a research report on Thursday, July 14th. Scotiabank reissued an “outperform” rating and issued a C$26.00 target price on shares of ARC Resources in a research report on Friday, July 29th. Finally, TD Securities reissued a “hold” rating and issued a C$32.00 target price on shares of ARC Resources in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$24.91.

Shares of ARC Resources (TSE:ARX) opened at 21.97 on Friday. The company’s market capitalization is $7.71 billion. The company’s 50 day moving average is $22.77 and its 200 day moving average is $21.22. ARC Resources has a 12-month low of $14.43 and a 12-month high of $24.08.

ARC Resources Company Profile

ARC Resources Ltd. is a Canada-based oil and gas company. The Company’s business activities include the exploration, development and production of crude oil, natural gas and natural gas liquids in over five areas across western Canada. The Company is focused on the acquisition and development of resource-rich properties that provide an option for both near-term and long-term growth.

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