ARC Resources Ltd (ARX) Given New C$28.00 Price Target at Barclays PLC
A number of other analysts also recently weighed in on the stock. BMO Capital Markets increased their price target on shares of ARC Resources from C$23.00 to C$25.00 in a research report on Thursday, October 6th. TD Securities reiterated a hold rating and issued a C$32.00 price target on shares of ARC Resources in a research report on Friday, July 29th. Scotiabank reissued an outperform rating and set a C$26.00 target price on shares of ARC Resources in a research note on Friday, July 29th. Royal Bank Of Canada increased their target price on ARC Resources from C$24.00 to C$25.00 in a research note on Thursday, July 14th. Finally, Raymond James Financial Inc. increased their target price on ARC Resources from C$27.00 to C$27.50 in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$25.45.
ARC Resources (TSE:ARX) opened at 24.16 on Tuesday. The stock’s market capitalization is $8.48 billion. The stock has a 50 day moving average of $22.71 and a 200 day moving average of $21.64. ARC Resources has a 52-week low of $14.43 and a 52-week high of $24.46.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%.
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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