TD Securities Lowers ARC Resources (ARX) Price Target to C$13.50

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ARC Resources (TSE:ARX) had its price objective trimmed by TD Securities from C$14.00 to C$13.50 in a research report report published on Friday. They currently have a buy rating on the oil and gas exploration company’s stock.

ARX has been the topic of several other reports. CIBC decreased their price objective on shares of ARC Resources from C$20.00 to C$17.00 in a research note on Tuesday, November 13th. National Bank Financial raised shares of ARC Resources from a sector perform rating to an outperform rating and decreased their price objective for the stock from C$13.50 to C$11.00 in a research note on Monday, December 10th. Raymond James decreased their price objective 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 note on Friday, November 9th. Royal Bank of Canada decreased their price objective on shares of ARC Resources from C$18.00 to C$12.00 in a research note on Tuesday, January 8th. Finally, GMP Securities decreased their price objective on shares of ARC Resources from C$16.75 to C$12.75 in a research note on Thursday, December 13th.

ARC Resources stock traded up C$0.71 during trading hours on Friday, hitting C$9.55. 4,452,500 shares of the stock were exchanged, compared to its average volume of 2,082,718. The company has a current ratio of 1.35, a quick ratio of 1.17 and a debt-to-equity ratio of 24.20. The stock has a market capitalization of $3.37 billion and a price-to-earnings ratio of 26.53. ARC Resources has a 12 month low of C$7.38 and a 12 month high of C$15.90.

ARC Resources (TSE:ARX) last issued its quarterly earnings data on Thursday, November 8th. The oil and gas exploration company reported C($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.33). The business had revenue of C$394.90 million for the quarter, compared to analysts’ expectations of C$409.50 million. As a group, equities research analysts predict that ARC Resources will post 0.490000036029414 EPS for the current year.

The company also recently disclosed a feb 19 dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a yield of 6.28%. ARC Resources’s dividend payout ratio is 166.67%.

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of ARC Resources stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of C$10.22 per share, for a total transaction of C$51,100.00. Also, insider Larissa Marianne Conrad bought 3,060 shares of ARC Resources stock in a transaction dated Wednesday, December 5th. The shares were bought at an average price of C$9.15 per share, for a total transaction of C$27,999.00. Insiders have acquired 100,593 shares of company stock worth $932,790 over the last ninety days.

ARC Resources Company Profile

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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