ARC Resources Ltd. (TSE:ARX) Receives Consensus Rating of “Buy” from Brokerages

ARC Resources Ltd. (TSE:ARX) has received an average rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$31.35.

Several equities analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of ARC Resources from C$29.00 to C$31.00 in a research note on Thursday, November 7th. Jefferies Financial Group upped their price target on shares of ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. Cormark raised ARC Resources to a “moderate buy” rating in a research note on Monday, September 23rd. UBS Group upped their target price on ARC Resources from C$31.00 to C$33.00 in a research note on Monday, December 9th. Finally, TD Securities lifted their price target on ARC Resources from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Activity

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

ARC Resources Stock Up 0.0 %

ARX stock opened at C$25.30 on Friday. The stock has a 50-day simple moving average of C$24.73 and a two-hundred day simple moving average of C$24.37. ARC Resources has a twelve month low of C$19.45 and a twelve month high of C$27.40. The firm has a market capitalization of C$15.08 billion, a PE ratio of 13.11, a PEG ratio of 0.29 and a beta of 1.26. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49.

ARC Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. This is an increase from ARC Resources’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 3.00%. ARC Resources’s 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.