ARC Resources Ltd (TSE:ARX) announced a jun 19 dividend on Tuesday, May 14th, RTT News reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, June 17th. The ex-dividend date of this dividend is Thursday, May 30th.
Shares of ARX traded up C$0.16 during midday trading on Wednesday, reaching C$8.14. 999,076 shares of the stock were exchanged, compared to its average volume of 2,152,814. 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 26.10, a quick ratio of 0.95 and a current ratio of 1.38. The company has a market capitalization of $2.82 billion and a P/E ratio of 27.57.
A number of equities research analysts have recently weighed in on the company. Raymond James dropped their target price on ARC Resources from C$17.00 to C$16.00 and set a “strong-buy” rating for the company in a report on Wednesday, May 1st. National Bank Financial lifted their target price on ARC Resources from C$11.00 to C$12.00 in a research report on Monday, April 8th. BMO Capital Markets set a C$12.00 target price on ARC Resources and gave the company an “outperform” rating in a research report on Thursday, May 2nd. CIBC decreased their target price on ARC Resources from C$17.00 to C$16.00 in a research report on Wednesday, May 1st. Finally, TD Securities decreased their target price on ARC Resources from C$14.00 to C$13.50 and set a “buy” rating on the stock in a research report on Friday, February 8th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. ARC Resources presently has an average rating of “Buy” and an average price target of C$14.06.
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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