GMP Securities Raises ARC Resources (ARX) Price Target to C$14.25

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ARC Resources (TSE:ARX) had its price objective upped by GMP Securities from C$12.75 to C$14.25 in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Raymond James decreased their target price on ARC Resources from C$23.00 to C$22.50 in a research note on Wednesday, January 9th. Royal Bank of Canada reduced their price objective on ARC Resources from C$18.00 to C$12.00 in a research note on Tuesday, January 8th. TD Securities reduced their price objective on ARC Resources from C$17.00 to C$15.50 and set a buy rating for the company in a research note on Monday, November 12th. National Bank Financial raised ARC Resources from a sector perform rating to an outperform rating and reduced their price objective for the company from C$13.50 to C$11.00 in a research note on Monday, December 10th. Finally, CIBC reduced their price objective on ARC Resources from C$20.00 to C$17.00 in a research note on Tuesday, November 13th.

TSE ARX opened at C$9.55 on Friday. ARC Resources has a one year low of C$7.38 and a one year high of C$15.90. The company has a market cap of $3.37 billion and a P/E ratio of 26.53. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 24.20.

ARC Resources (TSE:ARX) last released its earnings results on Thursday, November 8th. The oil and gas exploration company reported C($0.13) EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.33). The company had revenue of C$394.90 million during the quarter, compared to analyst estimates of C$409.50 million. As a group, research analysts predict that ARC Resources will post 0.490000036029414 EPS for the current fiscal 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 $0.05 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a yield of 6.28%. ARC Resources’s dividend payout ratio (DPR) is presently 166.67%.

In other news, insider Larissa Marianne Conrad acquired 3,060 shares of ARC Resources stock in a transaction on Wednesday, December 5th. The stock was purchased at an average price of C$9.15 per share, with a total value of C$27,999.00. Also, insider Christopher David Baldwin bought 3,578 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average cost of C$10.67 per share, for a total transaction of C$38,177.26. Insiders acquired 93,693 shares of company stock valued at $861,550 in the last three months.

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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