ARC Resources Ltd (ARX) to Issue Apr 19 Dividend of $0.05

ARC Resources Ltd (TSE:ARX) declared a apr 19 dividend on Friday, March 15th, RTT News reports. Stockholders of record on Friday, March 29th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Monday, April 15th. The ex-dividend date of this dividend is Thursday, March 28th.

Shares of ARX traded up C$0.12 during midday trading on Friday, reaching C$9.49. The stock had a trading volume of 2,023,154 shares, compared to its average volume of 2,110,703. ARC Resources has a one year low of C$7.38 and a one year high of C$15.90. The company has a market cap of $3.29 billion and a PE ratio of 15.82. The company has a debt-to-equity ratio of 24.74, a current ratio of 1.97 and a quick ratio of 1.31.

ARC Resources (TSE:ARX) last announced its quarterly earnings data on Thursday, February 7th. The oil and gas exploration company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.14. The firm had revenue of C$554.10 million during the quarter, compared to the consensus estimate of C$436.80 million. Analysts expect that ARC Resources will post 0.409999978838711 earnings per share for the current year.

A number of brokerages have recently commented on ARX. GMP Securities lifted their price objective on shares of ARC Resources from C$12.75 to C$14.25 in a research report on Friday, February 8th. Raymond James set a C$18.25 target price on shares of ARC Resources and gave the stock a “strong-buy” rating in a report on Friday, February 8th. Eight Capital lifted their target price on shares of ARC Resources from C$10.25 to C$10.75 in a report on Friday, February 8th. National Bank Financial raised shares of ARC Resources from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Thursday, February 7th. Finally, Royal Bank of Canada reduced their target price on shares of ARC Resources from C$18.00 to C$12.00 in a report on Tuesday, January 8th.

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ARC Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

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Dividend History for ARC Resources (TSE:ARX)

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