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.
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.
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.
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.
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.