Stifel Nicolaus Raises ARC Resources (TSE:ARX) Price Target to C$31.00

ARC Resources (TSE:ARX) had its target price hoisted by Stifel Nicolaus from C$29.00 to C$31.00 in a report issued on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the oil and gas exploration company’s stock.

Other equities analysts also recently issued reports about the company. CIBC increased their target price on ARC Resources from C$26.00 to C$30.00 and gave the stock an outperform rating in a research note on Monday. ATB Capital cut their price objective on ARC Resources from C$27.00 to C$26.00 in a research report on Tuesday, January 2nd. Desjardins reduced their target price on ARC Resources from C$29.50 to C$29.00 and set a buy rating for the company in a report on Friday, March 22nd. Raymond James lowered their price target on shares of ARC Resources from C$27.00 to C$26.00 and set an outperform rating on the stock in a research note on Friday, January 19th. Finally, 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. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, ARC Resources currently has a consensus rating of Moderate Buy and an average price target of C$28.75.

ARC Resources Trading Up 1.4 %

TSE:ARX opened at C$25.29 on Tuesday. ARC Resources has a 12-month low of C$15.41 and a 12-month high of C$26.17. The company has a current ratio of 0.91, a quick ratio of 0.42 and a debt-to-equity ratio of 29.74. The stock’s 50 day simple moving average is C$23.90 and its 200-day simple moving average is C$22.06. The firm has a market cap of C$15.12 billion, a P/E ratio of 9.69, a PEG ratio of 0.29 and a beta of 1.33.

ARC Resources (TSE:ARX) last announced 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, beating 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 company had revenue of C$1.00 million for the quarter. Equities analysts anticipate that ARC Resources will post 2.0857143 EPS for the current year.

ARC Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.68 annualized dividend and a yield of 2.69%. ARC Resources’s dividend payout ratio (DPR) is currently 26.05%.

Insider Buying and Selling at ARC Resources

In other news, Senior Officer Kristen Jon Bibby sold 8,131 shares of the firm’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 Kristen Jon Bibby sold 8,131 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$23.77, for a total value of C$193,273.87. Also, Senior Officer Terry Michael Anderson sold 83,461 shares of the 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. 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.