ARC Resources Ltd (TSE:ARX) insider Bevin Mark Wirzba purchased 3,555 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of C$14.10 per share, with a total value of C$50,125.50.
Shares of ARC Resources Ltd (ARX) opened at C$13.96 on Tuesday. ARC Resources Ltd has a 52 week low of C$13.64 and a 52 week high of C$24.12.
The company also recently disclosed a jan 18 dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 28th. ARC Resources’s dividend payout ratio (DPR) is currently 44.12%.
A number of analysts have commented on the company. National Bank Financial lowered their price target on ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Eight Capital boosted their price objective on ARC Resources from C$22.00 to C$22.50 in a report on Monday, November 13th. BMO Capital Markets decreased their price objective on ARC Resources from C$20.00 to C$19.00 in a report on Tuesday, October 10th. CSFB decreased their price objective on ARC Resources from C$23.00 to C$21.00 in a report on Tuesday, November 14th. Finally, Raymond James Financial decreased their price objective on ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating for the company in a report on Tuesday, November 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$22.95.
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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.
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