ARC Resources Ltd (TSE:ARX) Price Target Cut to C$22.00
Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada reduced their price objective on ARC Resources from C$25.00 to C$22.00 in a report on Thursday, July 20th. National Bank Financial reduced their price objective on ARC Resources from C$22.00 to C$19.00 in a report on Friday, June 23rd. TD Securities reduced their price objective on ARC Resources from C$23.00 to C$22.00 and set a buy rating for the company in a report on Thursday, May 4th. Finally, Scotiabank reissued an outperform rating and issued a C$29.00 price target on shares of ARC Resources in a report on Thursday, May 4th. Seven analysts have rated the stock with a buy rating, ARC Resources currently has an average rating of Buy and a consensus price target of C$25.55.
ARC Resources (ARX) traded up 0.19% during mid-day trading on Monday, hitting $15.79. 500,005 shares of the stock traded hands. ARC Resources has a 1-year low of $15.61 and a 1-year high of $24.94. The stock has a market cap of $5.58 billion and a price-to-earnings ratio of 12.16. The company’s 50 day moving average price is $16.79 and its 200-day moving average price is $18.15.
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The business also recently announced a sep 17 dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 29th.
In other news, Director John Patrick Dielwart sold 10,000 shares of the company’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.
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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