ARC Resources Ltd to Issue Aug 17 Dividend of $0.05 (ARX)
ARC Resources Ltd (TSE:ARX) declared a aug 17 dividend on Monday, July 17th, RTT News reports. Investors of record on Monday, July 31st will be given a dividend of 0.05 per share by the oil and gas exploration company on Tuesday, August 15th. The ex-dividend date is Thursday, July 27th.
ARC Resources (TSE:ARX) opened at 17.17 on Tuesday. ARC Resources has a 52-week low of $16.23 and a 52-week high of $24.94. The company’s 50-day moving average price is $17.39 and its 200 day moving average price is $19.47. The firm has a market capitalization of $6.07 billion and a price-to-earnings ratio of 21.71.
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In other news, Director John Patrick Dielwart sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of C$16.77, for a total value of C$167,700.00.
ARX has been the topic of several recent analyst reports. Barclays PLC upgraded ARC Resources from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 18th. Scotiabank reiterated an “outperform” rating and set a C$29.00 target price on shares of ARC Resources in a report on Thursday, May 4th. TD Securities reduced their target price on ARC Resources from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. National Bank Financial reduced their target price on ARC Resources from C$22.00 to C$19.00 in a report on Friday, June 23rd. Finally, Royal Bank Of Canada reduced their target price on ARC Resources from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Thursday, May 4th. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$26.09.
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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