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

ARC Resources (TSE:ARX) declared a apr 18 dividend on Thursday, March 15th, RTT News reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Monday, April 16th. This represents a yield of 4.72%. The ex-dividend date is Wednesday, March 28th.

TSE ARX traded down C$0.35 on Friday, hitting C$14.18. 1,392,910 shares of the stock traded hands, compared to its average volume of 1,376,143. ARC Resources has a 12 month low of C$11.88 and a 12 month high of C$19.09.

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ARC Resources (TSE:ARX) last announced its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported C$0.21 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of C$340.30 million during the quarter, compared to analyst estimates of C$338.00 million.

In other ARC Resources news, insider Lisa Ann Olsen acquired 2,300 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 acquired 12,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of C$12.97 per share, for a total transaction of C$155,640.00. Insiders purchased 20,300 shares of company stock worth $260,278 in the last quarter.

ARX has been the topic of several recent research reports. GMP Securities dropped their target price on ARC Resources from C$20.50 to C$18.50 in a research report on Friday, February 9th. Barclays dropped their target price on ARC Resources from C$19.00 to C$16.00 in a research report on Wednesday, January 17th. National Bank Financial dropped 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 research report on Tuesday, January 9th. Raymond James Financial dropped their target price on ARC Resources from C$22.00 to C$21.00 in a research report on Monday, February 5th. Finally, TD Securities dropped their target price on ARC Resources from C$19.00 to C$18.50 in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$20.15.

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About ARC Resources

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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