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

ARC Resources Ltd. (TSE:ARX) has been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$30.46.

ARX has been the topic of a number of research reports. Cormark raised shares of ARC Resources to a “moderate buy” rating in a research report on Monday, September 23rd. UBS Group cut their price target on shares of ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, July 10th. National Bankshares decreased their price objective on ARC Resources from C$32.00 to C$31.00 in a report on Friday, September 27th. Canaccord Genuity Group upped their target price on ARC Resources from C$27.00 to C$29.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. Finally, Desjardins increased their price target on ARC Resources from C$30.00 to C$31.50 and gave the company a “buy” rating in a research report on Tuesday, July 23rd.

ARC Resources Stock Performance

ARX opened at C$22.87 on Monday. The company has a market capitalization of C$13.64 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 0.29 and a beta of 1.26. The business’s 50-day moving average price is C$23.97 and its two-hundred day moving average price is C$24.47. ARC Resources has a 1 year low of C$19.02 and a 1 year high of C$26.45. The company has a debt-to-equity ratio of 31.49, a current ratio of 0.88 and a quick ratio of 0.42.

ARC Resources (TSE:ARX) last announced its earnings results on Thursday, August 1st. The oil and gas exploration company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$1.15 billion for the quarter, compared to analyst estimates of C$1.03 billion. ARC Resources had a return on equity of 15.83% and a net margin of 22.23%. Equities analysts expect that ARC Resources will post 2.7255139 EPS for the current fiscal year.

ARC Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 27th. This represents a $0.68 dividend on an annualized basis and a yield of 2.97%. ARC Resources’s dividend payout ratio (DPR) is 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.