ARC Resources Ltd (ARX) Announces Oct 17 Dividend of $0.05
ARC Resources Ltd (TSE:ARX) announced a oct 17 dividend on Friday, September 15th, RTT News reports. Investors of record on Friday, September 29th will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, October 16th. The ex-dividend date of this dividend is Thursday, September 28th.
Shares of ARC Resources (TSE:ARX) opened at 17.60 on Friday. The firm has a 50-day moving average price of $16.44 and a 200-day moving average price of $17.60. ARC Resources has a 12 month low of $15.61 and a 12 month high of $24.94. The stock has a market cap of $6.22 billion and a PE ratio of 13.56.
In related news, Director Harold N. Kvisle acquired 5,000 shares of ARC Resources stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of C$15.88 per share, for a total transaction of C$79,400.00. Also, Director Harold N. Kvisle acquired 6,000 shares of ARC Resources stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of C$16.06 per share, with a total value of C$96,360.00.
TRADEMARK VIOLATION WARNING: This news story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/16/arc-resources-ltd-arx-announces-oct-17-dividend-of-0-05.html.
A number of analysts have commented on ARX shares. Barclays PLC lowered their price target on ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Royal Bank Of Canada lowered their price target on ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Finally, National Bank Financial lowered their price target on ARC Resources from C$22.00 to C$19.00 in a research report on Friday, June 23rd. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$25.55.
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.
Receive News & Stock Ratings for ARC Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources Ltd and related stocks with our FREE daily email newsletter.