ARC Resources Ltd Declares Jul 18 Dividend of $0.05 (ARX)

ARC Resources Ltd (TSE:ARX) announced a jul 18 dividend on Friday, June 15th, RTT News reports. Shareholders of record on Friday, June 29th will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, July 16th. The ex-dividend date of this dividend is Thursday, June 28th.

TSE:ARX opened at C$13.42 on Friday. ARC Resources has a 52 week low of C$11.88 and a 52 week high of C$18.34.

ARC Resources (TSE:ARX) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas exploration company reported C$0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.09). ARC Resources had a return on equity of 8.10% and a net margin of 23.54%. The company had revenue of C$341.20 million for the quarter, compared to analysts’ expectations of C$415.40 million.

ARX has been the subject of several research analyst reports. CSFB decreased their price target on shares of ARC Resources from C$21.00 to C$19.00 in a research note on Friday, April 13th. Raymond James raised their price target on shares of ARC Resources from C$21.00 to C$22.00 in a research note on Tuesday, April 24th. Finally, BMO Capital Markets raised their price target on shares of ARC Resources from C$15.00 to C$16.00 in a research note on Friday, May 4th.

In other news, Director John Patrick Dielwart sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of C$13.26, for a total transaction of C$198,900.00.

About ARC Resources

ARC Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids. The company primarily holds interests in the Montney resource play properties located in northeast British Columbia and northern Alberta; and other assets located in the Cardium formation in the Pembina area of Alberta.

Dividend History for ARC Resources (TSE:ARX)

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