ARC Resources Ltd (ARX) Price Target Lowered to C$21.00 at CSFB
Several other analysts have also commented on ARX. Royal Bank Of Canada lowered their price target on shares of ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Barclays PLC lowered their price target on shares of ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. National Bank Financial increased their price target on shares of ARC Resources from C$19.00 to C$20.00 and gave the company an outperform rating in a research report on Friday, August 4th. BMO Capital Markets lowered their price target on shares of ARC Resources from C$20.00 to C$19.00 in a research report on Tuesday, October 10th. Finally, Eight Capital increased their price target on shares of ARC Resources from C$22.00 to C$22.50 in a research report on Monday, November 13th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ARC Resources has an average rating of Buy and an average price target of C$23.18.
Shares of ARC Resources (TSE:ARX) opened at C$16.08 on Tuesday. ARC Resources has a 1 year low of C$15.01 and a 1 year high of C$24.74.
The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.73%. ARC Resources’s dividend payout ratio (DPR) is currently 44.12%.
In other news, Director Harold N. Kvisle bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average price of C$16.06 per share, for a total transaction of C$96,360.00. Also, Director John Patrick Dielwart sold 15,000 shares of the firm’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. In the last 90 days, insiders have purchased 13,110 shares of company stock worth $210,333.
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.
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