ARC Resources Ltd (TSE:ARX) insider Larissa Marianne Conrad purchased 3,060 shares of the business’s stock in a transaction on Wednesday, December 5th. The stock was purchased at an average price of C$9.15 per share, for a total transaction of C$27,999.00.
Shares of ARC Resources stock traded up C$0.32 on Wednesday, hitting C$9.12. The company had a trading volume of 1,578,661 shares, compared to its average volume of 1,415,365. ARC Resources Ltd has a 1 year low of C$8.72 and a 1 year high of C$15.90. The company has a debt-to-equity ratio of 24.20, a current ratio of 1.35 and a quick ratio of 1.17.
ARC Resources (TSE:ARX) last issued its quarterly earnings data on Thursday, November 8th. The oil and gas exploration company reported C($0.13) EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.33). The firm had revenue of C$394.90 million during the quarter, compared to analysts’ expectations of C$409.50 million. As a group, equities research analysts expect that ARC Resources Ltd will post 0.589355213156369 EPS for the current year.
The business also recently disclosed a dec 18 dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 29th. ARC Resources’s dividend payout ratio (DPR) is presently 166.67%.
Several research analysts have issued reports on the company. CIBC cut their price target on ARC Resources from C$20.00 to C$17.00 in a report on Tuesday, November 13th. Raymond James lowered their price objective on ARC Resources from C$23.00 to C$22.50 in a research note on Friday, October 5th. TD Securities lowered their price objective on ARC Resources from C$17.00 to C$15.50 and set a “buy” rating for the company in a research note on Monday, November 12th. GMP Securities lowered their price objective on ARC Resources from C$17.50 to C$16.75 in a research note on Friday, November 9th. Finally, National Bank Financial lowered their price objective on ARC Resources from C$16.50 to C$13.50 and set a “sector perform” rating for the company in a research note on Friday, November 9th.
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ARC Resources Company Profile
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.
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