ARC Resources (TSE:ARX) had its price objective hoisted by National Bank Financial from C$10.00 to C$10.50 in a research note released on Tuesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the oil and gas exploration company’s stock.
ARX has been the topic of several other research reports. Tudor Pickering & Holt reiterated a hold rating on shares of MEG Energy in a report on Friday, June 7th. Raymond James reiterated a hold rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. GMP Securities reissued a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. CIBC cut their target price on Peyto Exploration & Development from C$10.00 to C$6.00 in a research note on Wednesday, June 19th. Finally, BMO Capital Markets reissued a hold rating and issued a $9.50 target price on shares of Vicon Industries in a research note on Friday, June 14th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. ARC Resources currently has a consensus rating of Buy and a consensus target price of C$10.91.
ARC Resources stock opened at C$6.35 on Tuesday. The firm has a 50-day moving average price of C$6.70. The company has a market capitalization of $2.21 billion and a PE ratio of 21.90. ARC Resources has a 12-month low of C$6.08 and a 12-month high of C$15.90. The company has a debt-to-equity ratio of 26.10, a quick ratio of 0.95 and a current ratio of 1.38.
ARC Resources (TSE:ARX) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas exploration company reported C($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.25). The company had revenue of C$329.30 million during the quarter, compared to analyst estimates of C$339.30 million. Research analysts predict that ARC Resources will post 0.37 earnings per share for the current fiscal year.
The business also recently announced a jun 19 dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.05 dividend. This represents a yield of 8.63%. The ex-dividend date of this dividend was Thursday, June 27th. ARC Resources’s payout ratio is 206.90%.
ARC Resources Company Profile
ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.
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