ARC Resources Ltd. (TSE:ARX) Senior Officer Larissa Marianne Conrad Sells 9,354 Shares

ARC Resources Ltd. (TSE:ARX – Get Rating) Senior Officer Larissa Marianne Conrad sold 9,354 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of C$20.02, for a total value of C$187,274.56.

Larissa Marianne Conrad also recently made the following trade(s):

• On Monday, June 6th, Larissa Marianne Conrad sold 10,000 shares of ARC Resources stock. The stock was sold at an average price of C$20.00, for a total value of C$199,982.00.

Shares of TSE:ARX traded down C$1.14 during trading on Thursday, hitting C$18.48. The company had a trading volume of 5,033,422 shares, compared to its average volume of 4,833,917. The stock has a market cap of C$12.58 billion and a price-to-earnings ratio of 25.92. ARC Resources Ltd. has a one year low of C$7.51 and a one year high of C$22.88. The company has a fifty day simple moving average of C$18.36 and a two-hundred day simple moving average of C$15.43. The company has a debt-to-equity ratio of 43.20, a current ratio of 0.41 and a quick ratio of 0.38.

ARC Resources (TSE:ARX – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The oil and gas exploration company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.57 by C($0.67). The firm had revenue of C$2 billion during the quarter. On average, equities research analysts anticipate that ARC Resources Ltd. will post 2.7087706 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.60%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, June 29th. ARC Resources’s dividend payout ratio (DPR) is presently 43.06%.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on ARC Resources from C$20.00 to C$22.00 in a research note on Friday, May 6th. CIBC upped their price objective on ARC Resources from C$20.00 to C$21.00 in a research note on Thursday, April 14th. Scotiabank increased their price target on ARC Resources from C$23.00 to C$26.00 in a research note on Tuesday, March 8th. National Bankshares dropped their price target on ARC Resources from C$24.00 to C$21.00 in a research note on Thursday, April 14th. Finally, Cormark increased their price target on ARC Resources from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, April 18th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$20.73.

ARC Resources Company Profile (Get Rating)

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

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