ARC Resources (ARX) Given New C$18.25 Price Target at Raymond James

ARC Resources (TSE:ARX) had its price objective boosted by Raymond James from C$18.00 to C$18.25 in a research report sent to investors on Thursday morning. They currently have a strong-buy rating on the oil and gas exploration company’s stock.

ARX has been the subject of a number of other research reports. CIBC dropped their price target on shares of ARC Resources from C$20.00 to C$17.00 in a research note on Tuesday, November 13th. National Bank Financial upgraded shares of ARC Resources from a sector perform rating to an outperform rating and dropped their price target for the stock from C$13.50 to C$11.00 in a research note on Monday, December 10th. Royal Bank of Canada dropped their price target on shares of ARC Resources from C$18.00 to C$12.00 in a research note on Tuesday. GMP Securities dropped their price target on shares of ARC Resources from C$16.75 to C$12.75 in a research note on Thursday, December 13th. Finally, TD Securities lowered their target price on shares of ARC Resources from C$17.00 to C$15.50 and set a buy rating for the company in a research note on Monday, November 12th.

Shares of TSE ARX traded up C$0.22 during trading on Thursday, reaching C$9.48. 1,713,603 shares of the stock were exchanged, compared to its average volume of 1,967,599. ARC Resources has a twelve month low of C$7.38 and a twelve month high of C$15.90. The company has a debt-to-equity ratio of 24.20, a current ratio of 1.35 and a quick ratio of 1.17.



ARC Resources (TSE:ARX) last posted its earnings results on Thursday, November 8th. The oil and gas exploration company reported C($0.13) EPS for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.33). The firm had revenue of C$394.90 million for the quarter, compared to analyst estimates of C$409.50 million. On average, equities research analysts expect that ARC Resources will post 0.550000025761125 earnings per share for the current year.

The firm also recently announced a dec 18 dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, December 28th. ARC Resources’s payout ratio is 166.67%.

In related news, Director Fred J. Dyment acquired 25,000 shares of ARC Resources stock in a transaction that occurred on Tuesday, November 27th. The stock was acquired at an average price of C$9.54 per share, with a total value of C$238,500.00. Also, insider Terry Michael Anderson acquired 5,000 shares of ARC Resources stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average cost of C$8.51 per share, with a total value of C$42,550.00. In the last quarter, insiders have acquired 100,593 shares of company stock valued at $932,790.

ARC Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids. The company primarily holds interests in the Montney resource play properties located in northeast British Columbia and northern Alberta; and other assets located in the Cardium formation in the Pembina area of Alberta.

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