Sean Ross Allen Calder Sells 30,572 Shares of ARC Resources Ltd. (TSE:ARX) Stock

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

ARC Resources Stock Down 0.8 %

Shares of ARX stock opened at C$26.76 on Friday. ARC Resources Ltd. has a 1-year low of C$19.02 and a 1-year high of C$27.40. The stock’s fifty day moving average price is C$23.93 and its 200 day moving average price is C$24.42. The company has a debt-to-equity ratio of 31.49, a current ratio of 0.88 and a quick ratio of 0.42. The company has a market cap of C$15.95 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26.

ARC Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ARX shares. TD Securities lifted their target price on ARC Resources from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group decreased their target price on ARC Resources from C$30.00 to C$27.00 and set a “buy” rating for the company in a research report on Monday, September 16th. National Bankshares lifted their price target on ARC Resources from C$31.00 to C$32.00 in a report on Thursday, November 7th. CIBC lifted their price target on ARC Resources from C$33.00 to C$34.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price target on ARC Resources from C$29.00 to C$31.00 in a report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ARC Resources has an average rating of “Buy” and a consensus target price of C$30.96.

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.