ARC Resources Ltd (ARX) to Issue Dec 18 Dividend of $0.05

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ARC Resources Ltd (TSE:ARX) declared a dec 18 dividend on Thursday, November 15th, RTT News reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, December 17th. The ex-dividend date of this dividend is Thursday, November 29th.

TSE ARX opened at C$10.61 on Friday. ARC Resources has a 12 month low of C$10.03 and a 12 month high of C$16.52. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 24.20.

In other ARC Resources news, Director David Ralph Collyer purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were bought at an average cost of C$13.49 per share, for a total transaction of C$134,900.00. Also, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were acquired at an average price of C$10.22 per share, for a total transaction of C$51,100.00. Insiders have acquired 23,200 shares of company stock worth $297,427 over the last quarter.

A number of research firms have commented on ARX. CIBC decreased their target price on shares of ARC Resources from C$20.00 to C$17.00 in a research report on Tuesday. TD Securities decreased their target price on shares of ARC Resources from C$17.00 to C$15.50 and set a “buy” rating on the stock in a research report on Monday. Raymond James decreased their target price on shares of ARC Resources from C$22.50 to C$21.50 and set a “strong-buy” rating on the stock in a research report on Friday, November 9th. GMP Securities decreased their target price on shares of ARC Resources from C$17.50 to C$16.75 in a research report on Friday, November 9th. Finally, National Bank Financial decreased their target price on shares of ARC Resources from C$16.50 to C$13.50 and set a “sector perform” rating on the stock in a research report on Friday, November 9th.

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About ARC Resources

ARC Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids. The company primarily holds interests in the Montney resource play properties located in northeast British Columbia and northern Alberta; and other assets located in the Cardium formation in the Pembina area of Alberta.

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Dividend History for ARC Resources (TSE:ARX)

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