ARC Resources Ltd. (TSE:ARX) Senior Officer Ryan Victor Berrett Sells 23,293 Shares

ARC Resources Ltd. (TSE:ARX) Senior Officer Ryan Victor Berrett sold 23,293 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$25.67, for a total value of C$597,961.59.

ARC Resources Stock Down 1.1 %

Shares of ARX stock opened at C$25.44 on Thursday. ARC Resources Ltd. has a 12 month low of C$16.24 and a 12 month high of C$26.17. The firm has a market cap of C$15.21 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.29 and a beta of 1.32. The stock has a 50 day moving average of C$24.96 and a 200-day moving average of C$22.55. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 29.15.

ARC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.67%. ARC Resources’s dividend payout ratio (DPR) is presently 34.17%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ARX. Stifel Nicolaus boosted their price target on ARC Resources from C$29.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group cut ARC Resources from a “buy” rating to a “hold” rating and boosted their price target for the company from C$25.00 to C$27.00 in a research note on Wednesday, April 17th. Jefferies Financial Group boosted their price target on ARC Resources from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday, April 12th. National Bankshares boosted their price target on ARC Resources from C$25.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, BMO Capital Markets boosted their price target on ARC Resources from C$28.00 to C$30.00 in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$29.85.

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.