ARC Resources Ltd (ARX) Director Myron Maurice Stadnyk Buys 5,000 Shares of Stock
ARC Resources Ltd (TSE:ARX) Director Myron Maurice Stadnyk acquired 5,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of C$14.73 per share, with a total value of C$73,650.00.
Shares of ARC Resources Ltd (TSE ARX) traded up C$0.15 on Friday, hitting C$14.50. The stock had a trading volume of 1,094,100 shares, compared to its average volume of 1,120,198. ARC Resources Ltd has a one year low of C$14.24 and a one year high of C$24.74.
The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 4.14%. ARC Resources’s payout ratio is 44.12%.
ARX has been the subject of several analyst reports. Eight Capital lifted their price target on ARC Resources from C$22.00 to C$22.50 in a research note on Monday, November 13th. National Bank Financial lowered ARC Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Thursday, October 12th. Barclays decreased their price target on ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st. BMO Capital Markets decreased their price target on ARC Resources from C$20.00 to C$19.00 in a research note on Tuesday, October 10th. Finally, CSFB decreased their price target on ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$23.18.
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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