ARC Resources (TSE:ARX – Free Report) had its target price lowered by National Bankshares from C$32.00 to C$31.00 in a report issued on Friday, BayStreet.CA reports.
A number of other equities analysts have also recently weighed in on the stock. Cormark upgraded shares of ARC Resources to a moderate buy rating in a research report on Monday, September 23rd. UBS Group reduced their price objective on shares of ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, July 10th. CIBC upped their price objective on shares of ARC Resources from C$31.00 to C$34.00 in a research report on Monday, July 15th. Canaccord Genuity Group upped their price objective on shares of ARC Resources from C$27.00 to C$29.00 and gave the stock a strong-buy rating in a research report on Friday, August 2nd. Finally, Desjardins upped their price objective on shares of ARC Resources from C$30.00 to C$31.50 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ARC Resources has a consensus rating of Buy and an average price target of C$30.32.
View Our Latest Stock Analysis on ARX
ARC Resources Stock Performance
ARC Resources (TSE:ARX – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas exploration company reported C$0.40 earnings per share (EPS) for the quarter. ARC Resources had a net margin of 22.23% and a return on equity of 15.83%. The firm had revenue of C$1.15 billion for the quarter, compared to the consensus estimate of C$1.03 billion. On average, equities analysts expect that ARC Resources will post 3.2027972 EPS for the current year.
ARC Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date of this dividend is Friday, September 27th. ARC Resources’s dividend payout ratio is currently 35.23%.
ARC Resources Company Profile
ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.
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