ARC Resources (ARX) Scheduled to Post Quarterly Earnings on Thursday

ARC Resources (TSE:ARXGet Rating) will announce its earnings results after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of C$0.65 per share for the quarter.

ARC Resources (TSE:ARXGet Rating) last released its quarterly earnings data on Thursday, February 10th. The oil and gas exploration company reported C$1.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.50 by C$0.57. The firm had revenue of C$1.78 billion for the quarter.

ARX stock opened at C$17.23 on Thursday. The company has a market cap of C$11.95 billion and a price-to-earnings ratio of 13.78. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 43.44. The business has a fifty day simple moving average of C$16.41 and a 200-day simple moving average of C$13.82. ARC Resources has a 52 week low of C$7.51 and a 52 week high of C$19.27.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 18th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. ARC Resources’s payout ratio is 22.88%.

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of ARC Resources from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, February 11th. National Bankshares decreased their price target on shares of ARC Resources from C$24.00 to C$21.00 in a research report on Thursday, April 14th. National Bank Financial upped their price target on shares of ARC Resources to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, January 6th. Cormark upped their price target on shares of ARC Resources from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. Finally, Raymond James upped their price objective on shares of ARC Resources from C$17.50 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, March 25th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$20.23.

About ARC Resources (Get Rating)

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

Further Reading

Earnings History for ARC Resources (TSE:ARX)

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