ARC Resources Ltd. (TSE:ARX) Receives Consensus Rating of “Moderate Buy” from Analysts

ARC Resources Ltd. (TSE:ARX) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$28.75.

A number of research firms recently commented on ARX. CIBC boosted their price target on ARC Resources from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Canaccord Genuity Group downgraded ARC Resources from a “buy” rating to a “hold” rating and boosted their target price for the company from C$25.00 to C$27.00 in a research report on Wednesday, April 17th. Desjardins dropped their price objective 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. Jefferies Financial Group upped their target price on ARC Resources from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, TD Securities upped their target price on ARC Resources from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Friday, February 9th.

Insider Activity at ARC Resources

In other news, Senior Officer Terry Michael Anderson sold 83,461 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$22.98, for a total value of C$1,917,875.36. In related news, Senior Officer Terry Michael Anderson sold 83,461 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$22.98, for a total transaction of C$1,917,875.36. Also, Senior Officer Kristen Jon Bibby sold 8,131 shares of the stock in a transaction that occurred 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. 0.07% of the stock is currently owned by corporate insiders.

ARC Resources Stock Down 0.3 %

Shares of ARX stock opened at C$25.73 on Monday. 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 has a market cap of C$15.38 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.29 and a beta of 1.33. ARC Resources has a 12 month low of C$15.41 and a 12 month high of C$26.17. The company has a 50 day simple moving average of C$24.12 and a two-hundred day simple moving average of C$22.14.

ARC Resources (TSE:ARX) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported C$0.84 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.50 by C$0.34. ARC Resources had a return on equity of 22.67% and a net margin of 28.23%. The firm had revenue of C$1.00 million for the quarter. On average, research analysts expect that ARC Resources will post 2.0857143 earnings per share for the current year.

ARC Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Wednesday, March 27th. ARC Resources’s dividend payout ratio is currently 26.05%.

About ARC Resources

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.