ARC Resources Ltd. (TSE:ARX) Senior Officer Sells C$828,360.57 in Stock

ARC Resources Ltd. (TSE:ARX) Senior Officer Sean Ross Allen Calder sold 30,572 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$27.10, for a total value of C$828,360.57.

ARC Resources Stock Down 0.8 %

TSE ARX opened at C$26.76 on Friday. ARC Resources Ltd. has a one year low of C$19.02 and a one year high of C$27.40. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88. The business has a fifty day moving average price of C$23.93 and a 200 day moving average price of C$24.42. The company has a market cap of C$15.95 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.29 and a beta of 1.26.

ARC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, September 27th. ARC Resources’s dividend payout ratio is currently 35.23%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Securities increased their price target on shares of ARC Resources from C$30.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Canaccord Genuity Group increased their target price on shares of ARC Resources from C$29.00 to C$31.00 in a research note on Thursday, November 7th. National Bankshares lifted their price target on ARC Resources from C$31.00 to C$32.00 in a research note on Thursday, November 7th. Cormark upgraded ARC Resources to a “moderate buy” rating in a research report on Monday, September 23rd. Finally, CIBC raised their price objective on ARC Resources from C$33.00 to C$34.00 in a report on Friday, November 8th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$30.96.

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.