ARC Resources Ltd (ARX) PT Lowered to C$17.00

ARC Resources Ltd (TSE:ARX) had its target price cut by National Bank Financial from C$17.50 to C$17.00 in a report published on Friday morning. They currently have a sector perform rating on the oil and gas exploration company’s stock.

A number of other equities analysts have also commented on ARX. Royal Bank Of Canada reduced their price target on shares of ARC Resources from C$25.00 to C$22.00 in a research report on Thursday, July 20th. Barclays PLC reduced their price target on shares of ARC Resources from C$24.00 to C$22.00 in a research report on Monday, July 24th. Finally, BMO Capital Markets dropped their target price on shares of ARC Resources from C$20.00 to C$19.00 in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of C$23.80.

ARC Resources (TSE ARX) opened at C$16.87 on Friday. ARC Resources has a 12-month low of C$15.01 and a 12-month high of C$24.74.

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The firm also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.05 per share. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, October 30th. ARC Resources’s dividend payout ratio (DPR) is 44.12%.

In other ARC Resources news, Director Harold N. Kvisle purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of C$16.06 per share, with a total value of C$96,360.00. Also, Director John Patrick Dielwart sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$17.86, for a total transaction of C$267,900.00. Over the last three months, insiders have purchased 11,565 shares of company stock valued at $185,783.

ARC Resources Company Profile

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.

Analyst Recommendations for ARC Resources (TSE:ARX)

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