ARC Resources (TSE:ARX) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of ARC Resources Ltd. (TSE:ARX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$24.66 and traded as high as C$25.51. ARC Resources shares last traded at C$25.36, with a volume of 1,181,635 shares.

Wall Street Analysts Forecast Growth

ARX has been the topic of a number of research reports. BMO Capital Markets upped their price target on ARC Resources from C$30.00 to C$32.00 in a research note on Friday, December 13th. CIBC boosted their price target on shares of ARC Resources from C$34.00 to C$35.00 in a report on Friday, January 17th. TD Securities increased their price objective on ARC Resources from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group lifted their price target on shares of ARC Resources from C$31.00 to C$33.00 in a research note on Monday, December 9th. Finally, Scotiabank upped their target price on ARC Resources from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$31.88.

ARC Resources Stock Up 0.5 %

The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 31.49. The firm has a market capitalization of C$15.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26. The firm has a 50-day moving average of C$25.90 and a two-hundred day moving average of C$24.66.

ARC Resources (TSE:ARX) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas exploration company reported C$0.55 EPS for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.21. ARC Resources had a net margin of 22.23% and a return on equity of 15.83%. During the same period last year, the company posted $0.39 EPS. On average, equities research analysts forecast that ARC Resources Ltd. will post 2.7255139 EPS for the current year.

ARC Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from ARC Resources’s previous quarterly dividend of $0.17. ARC Resources’s dividend payout ratio is 35.23%.

Insider Buying and Selling

In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$27.10, for a total value of C$828,360.57. Company insiders own 0.40% of the company’s stock.

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.