ARC Resources Ltd (TSE:ARX) announced a dec 18 dividend on Thursday, November 15th, RTT News reports. Investors 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 is Thursday, November 29th.

ARX stock traded up C$0.21 during midday trading on Friday, reaching C$9.14. The company’s stock had a trading volume of 1,950,300 shares, compared to its average volume of 1,420,715. The company has a current ratio of 1.35, a quick ratio of 1.17 and a debt-to-equity ratio of 24.20. ARC Resources has a 1 year low of C$8.72 and a 1 year high of C$15.90.

ARC Resources (TSE:ARX) last released its earnings results on Thursday, November 8th. The oil and gas exploration company reported C($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.33). The business had revenue of C$394.90 million during the quarter, compared to analyst estimates of C$409.50 million. Analysts forecast that ARC Resources will post 0.589999939967183 EPS for the current year.

ARX has been the topic of a number of recent research reports. Raymond James dropped their price target on ARC Resources from C$23.00 to C$22.50 in a research report on Friday, October 5th. TD Securities dropped their price target on ARC Resources from C$17.00 to C$15.50 and set a “buy” rating on the stock in a research report on Monday, November 12th. GMP Securities dropped their price target on ARC Resources from C$17.50 to C$16.75 in a research report on Friday, November 9th. CIBC dropped their price objective on ARC Resources from C$20.00 to C$17.00 in a research report on Tuesday, November 13th. Finally, National Bank Financial dropped their price objective on 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.

In other news, Director David Ralph Collyer acquired 10,000 shares of ARC Resources stock in a transaction dated Thursday, September 20th. The stock was purchased at an average cost of C$13.49 per share, for a total transaction of C$134,900.00. Also, insider Terry Michael Anderson acquired 5,000 shares of ARC Resources stock in a transaction dated Friday, November 16th. The stock was purchased at an average price of C$10.40 per share, with a total value of C$52,000.00. Over the last quarter, insiders acquired 90,593 shares of company stock valued at $898,840.

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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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Dividend History for ARC Resources (TSE:ARX)

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