Other equities research analysts have also recently issued research reports about the company. GMP Securities decreased their price objective on ARC Resources from C$16.75 to C$12.75 in a report on Thursday, December 13th. Raymond James decreased their price objective on ARC Resources from C$23.00 to C$22.50 in a report on Friday, October 5th. CIBC decreased their price objective on ARC Resources from C$20.00 to C$17.00 in a report on Tuesday, November 13th. TD Securities decreased their price objective on ARC Resources from C$17.00 to C$15.50 and set a buy rating on the stock in a report on Monday, November 12th. Finally, National Bank Financial upgraded ARC Resources from a sector perform rating to an outperform rating and decreased their price objective for the stock from C$13.50 to C$11.00 in a report on Monday, December 10th.
ARX stock opened at C$9.48 on Tuesday. ARC Resources has a 52-week low of C$7.38 and a 52-week high of C$15.90. The company has a debt-to-equity ratio of 24.20, a quick ratio of 1.17 and a current ratio of 1.35.
The company also recently announced a dec 18 dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.05 dividend. The ex-dividend date is Friday, December 28th. ARC Resources’s payout ratio is currently 166.67%.
In other news, Director Fred J. Dyment bought 15,000 shares of ARC Resources stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average price of C$8.42 per share, for a total transaction of C$126,300.00. Also, insider Terry Michael Anderson bought 5,000 shares of ARC Resources stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average price of C$10.40 per share, for a total transaction of C$52,000.00. Insiders purchased 100,593 shares of company stock worth $932,790 in the last quarter.
About ARC Resources
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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