ARC Resources Ltd (ARX) Insider Purchases C$10,023.10 in Stock
ARC Resources Ltd (TSE:ARX) insider Armin Jahangiri acquired 565 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of C$17.74 per share, with a total value of C$10,023.10.
ARC Resources Ltd (TSE:ARX) traded up 0.86% during mid-day trading on Wednesday, reaching $17.59. 2,234,955 shares of the company’s stock traded hands. The company has a market capitalization of $6.22 billion and a price-to-earnings ratio of 13.55. ARC Resources Ltd has a 52-week low of $15.61 and a 52-week high of $24.94. The company has a 50-day moving average of $16.46 and a 200-day moving average of $17.55.
The firm also recently announced a oct 17 dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 28th.
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A number of brokerages have recently weighed in on ARX. National Bank Financial raised their price objective on shares of ARC Resources from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Barclays PLC dropped their price objective on shares of ARC Resources from C$24.00 to C$22.00 in a research note on Monday, July 24th. Finally, Royal Bank Of Canada dropped their price objective on shares of ARC Resources from C$25.00 to C$22.00 in a research note on Thursday, July 20th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average 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.
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