ARC Resources Ltd (ARX) Insider Larissa Marianne Conrad Purchases 1,545 Shares
ARC Resources Ltd (TSE:ARX) insider Larissa Marianne Conrad acquired 1,545 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of C$15.89 per share, for a total transaction of C$24,550.05.
ARC Resources Ltd (TSE ARX) traded up C$0.07 during midday trading on Friday, hitting C$16.08. 697,200 shares of the company were exchanged, compared to its average volume of 1,122,198. ARC Resources Ltd has a 1 year low of C$15.01 and a 1 year high of C$24.74.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, November 29th. ARC Resources’s dividend payout ratio (DPR) is 44.12%.
A number of equities research analysts have commented on the stock. CSFB dropped their price objective on shares of ARC Resources from C$23.00 to C$21.00 in a research report on Tuesday. Raymond James Financial, Inc. dropped their price objective on shares of ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating on the stock in a research report on Tuesday. Eight Capital increased their price objective on shares of ARC Resources from C$22.00 to C$22.50 in a research report on Monday, November 13th. National Bank Financial dropped their price objective on shares of ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 10th. Finally, Barclays PLC dropped their price objective on shares of ARC Resources from C$22.00 to C$19.00 in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. ARC Resources has a consensus rating of “Buy” and an average target price of C$23.18.
ARC Resources Company Profile
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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