ARC Resources Ltd. (TSE:ARX) Receives C$28.25 Average Target Price from Analysts

ARC Resources Ltd. (TSE:ARX) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$28.75.

A number of equities research analysts have weighed in on ARX shares. Jefferies Financial Group lifted their price target on shares of ARC Resources from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, April 12th. TD Securities raised their price objective on shares of ARC Resources from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Friday, February 9th. National Bankshares raised their price objective on shares of ARC Resources from C$25.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Stifel Nicolaus raised their price objective on shares of ARC Resources from C$29.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets lifted their price target on shares of ARC Resources from C$25.00 to C$28.00 in a research note on Thursday, March 28th.

ARC Resources Price Performance

ARC Resources stock opened at C$25.73 on Monday. ARC Resources has a 12-month low of C$15.41 and a 12-month high of C$26.17. The stock has a market cap of C$15.38 billion, a P/E ratio of 9.86, a PEG ratio of 0.29 and a beta of 1.33. The company has a 50-day moving average price of C$24.12 and a 200 day moving average price of C$22.15. The company has a current ratio of 0.91, a quick ratio of 0.42 and a debt-to-equity ratio of 29.74.

ARC Resources (TSE:ARX) last released its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported C$0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.50 by C$0.34. ARC Resources had a net margin of 28.23% and a return on equity of 22.67%. The firm had revenue of C$1.00 million during the quarter. Sell-side analysts anticipate that ARC Resources will post 2.0857143 earnings per share for the current year.

ARC Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.68 annualized dividend and a dividend yield of 2.64%. ARC Resources’s dividend payout ratio is presently 26.05%.

Insider Transactions at ARC Resources

In other news, Senior Officer Kristen Jon Bibby sold 8,131 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$23.77, for a total transaction of C$193,273.87. In other news, Senior Officer Terry Michael Anderson sold 83,461 shares of ARC Resources stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$22.98, for a total value of C$1,917,875.36. Also, Senior Officer Kristen Jon Bibby sold 8,131 shares of ARC Resources stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$23.77, for a total transaction of C$193,273.87. Insiders own 0.07% of the company’s stock.

ARC Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.