Other analysts have also recently issued research reports about the stock. Raymond James increased their price target on shares of ARC Resources from C$17.50 to C$22.00 and gave the stock an outperform rating in a research report on Friday, March 25th. Stifel Nicolaus reduced their target price on shares of ARC Resources from C$25.25 to C$24.75 in a report on Friday. National Bankshares reduced their target price on shares of ARC Resources from C$24.00 to C$21.00 in a report on Thursday, April 14th. Royal Bank of Canada raised their target price on shares of ARC Resources from C$17.00 to C$18.00 and gave the company an outperform rating in a report on Friday, February 11th. Finally, CIBC raised their target price on shares of ARC Resources from C$20.00 to C$21.00 in a report on Thursday, April 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$20.73.
TSE:ARX opened at C$18.03 on Friday. ARC Resources has a one year low of C$7.51 and a one year high of C$19.60. The company has a debt-to-equity ratio of 43.44, a quick ratio of 0.42 and a current ratio of 0.48. The stock has a market cap of C$12.50 billion and a PE ratio of 14.42. The stock has a 50 day moving average price of C$16.86 and a 200 day moving average price of C$14.12.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.66%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.10. ARC Resources’s dividend payout ratio (DPR) is 22.88%.
ARC Resources Company Profile (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.
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