ARC Resources Ltd (ARX) Director Sells C$267,900.00 in Stock
ARC Resources Ltd (TSE:ARX) Director John Patrick Dielwart sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$17.86, for a total transaction of C$267,900.00.
Shares of ARC Resources Ltd (TSE ARX) traded down 0.06% on Friday, hitting $17.93. 1,251,490 shares of the stock traded hands. The stock has a market cap of $6.34 billion and a price-to-earnings ratio of 13.81. The stock has a 50-day moving average price of $16.46 and a 200 day moving average price of $17.55. ARC Resources Ltd has a 12-month low of $15.61 and a 12-month high of $24.94.
The business also recently disclosed a oct 17 dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 28th.
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Several brokerages recently commented on ARX. National Bank Financial upped their price target on shares of ARC Resources from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Barclays PLC dropped their price objective on shares of ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Finally, Royal Bank Of Canada dropped their price objective on shares of ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Seven analysts have rated the stock with a buy rating, ARC Resources presently has a consensus rating of “Buy” and an average price target of C$25.55.
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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