ARC Resources Ltd. (TSE:ARX) Given Average Rating of “Buy” by Brokerages

ARC Resources Ltd. (TSE:ARX) has been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$31.35.

Several analysts have commented on ARX shares. Canaccord Genuity Group upped their price objective on ARC Resources from C$29.00 to C$31.00 in a research note on Thursday, November 7th. CIBC upped their price objective on shares of ARC Resources from C$33.00 to C$34.00 in a research report on Friday, November 8th. UBS Group lifted their target price on shares of ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. Jefferies Financial Group raised their price objective on shares of ARC Resources from C$27.00 to C$29.00 in a research report on Monday, December 16th. Finally, National Bankshares increased their target price on ARC Resources from C$31.00 to C$32.00 in a research note on Thursday, November 7th.

ARC Resources Trading Down 0.0 %

TSE ARX opened at C$26.93 on Friday. ARC Resources has a one year low of C$19.58 and a one year high of C$27.40. The firm has a market cap of C$16.06 billion, a PE ratio of 13.95, a P/E/G ratio of 0.29 and a beta of 1.26. The firm’s fifty day moving average is C$25.06 and its two-hundred day moving average is C$24.41. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88.

ARC Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.82%. This is a boost from ARC Resources’s previous quarterly dividend of $0.17. ARC Resources’s dividend payout ratio is presently 35.23%.

Insiders Place Their Bets

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

About ARC Resources

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.