ARC Resources (ARX) to Issue $0.05 Apr 18 Dividend

ARC Resources (TSE:ARX) declared a apr 18 dividend on Monday, April 16th, RTT News reports. Investors of record on Monday, April 30th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Tuesday, May 15th. This represents a yield of 4.1%. The ex-dividend date of this dividend is Friday, April 27th.

Shares of TSE:ARX opened at C$13.93 on Tuesday. ARC Resources has a 1 year low of C$11.88 and a 1 year high of C$19.09.

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ARC Resources (TSE:ARX) last announced its quarterly earnings results on Thursday, February 8th. The oil and gas exploration company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.06. ARC Resources had a return on equity of 8.10% and a net margin of 23.54%. The company had revenue of C$340.30 million for the quarter, compared to the consensus estimate of C$338.00 million.

In related news, Director Harold N. Kvisle purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of C$12.51 per share, with a total value of C$75,060.00. Also, Director Harold N. Kvisle purchased 12,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of C$12.97 per share, for a total transaction of C$155,640.00. Insiders have acquired a total of 20,300 shares of company stock worth $260,278 in the last quarter.

A number of research analysts have weighed in on ARX shares. GMP Securities reduced their target price on ARC Resources from C$20.50 to C$18.50 in a report on Friday, February 9th. Barclays reduced their target price on ARC Resources from C$19.00 to C$16.00 in a report on Wednesday, January 17th. National Bank Financial reduced their target price on ARC Resources from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 9th. Raymond James Financial reduced their target price on ARC Resources from C$22.00 to C$21.00 in a report on Monday, February 5th. Finally, CSFB reduced their target price on ARC Resources from C$21.00 to C$19.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. ARC Resources has an average rating of “Buy” and an average price target of C$19.95.

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ARC Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. The company was founded in 1996 and is headquartered in Calgary, Canada.

Dividend History for ARC Resources (TSE:ARX)

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