ARC Resources Ltd (TSE:ARX) has received an average recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$20.15.
Several equities research analysts recently weighed in on ARX shares. Raymond James Financial cut their target price on shares of ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 14th. National Bank Financial cut their target price on shares of ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. CSFB cut their target price on shares of ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. GMP Securities cut their target price on shares of ARC Resources from C$20.50 to C$18.50 in a research note on Friday, February 9th. Finally, Barclays cut their target price on shares of ARC Resources from C$19.00 to C$16.00 in a research note on Wednesday, January 17th.
In other news, insider Lisa Ann Olsen purchased 2,300 shares of the stock in a transaction on Monday, February 12th. The stock was bought at an average price of C$12.86 per share, for a total transaction of C$29,578.00. Also, Director Harold N. Kvisle purchased 6,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were purchased at an average price of C$12.51 per share, with a total value of C$75,060.00. Insiders have acquired a total of 28,855 shares of company stock valued at $384,054 in the last quarter.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, February 27th. ARC Resources’s dividend payout ratio (DPR) is presently 54.55%.
COPYRIGHT VIOLATION WARNING: “ARC Resources Ltd (ARX) Receives C$20.15 Average Price Target from Analysts” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2018/02/17/arc-resources-ltd-arx-receives-c20-15-average-price-target-from-analysts.html.
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.
Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.