ARC Resources Ltd. (ARX) To Go Ex-Dividend on March 31st

ARC Resources Ltd. (TSE:ARX) announced a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.21 per share by the oil and gas exploration company on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, March 31st.

ARC Resources Stock Performance

Shares of TSE:ARX opened at C$29.39 on Friday. The business has a 50-day moving average of C$25.89 and a two-hundred day moving average of C$25.48. The firm has a market capitalization of C$17.09 billion, a PE ratio of 13.42, a P/E/G ratio of 0.29 and a beta of -0.06. The company has a debt-to-equity ratio of 58.50, a current ratio of 0.70 and a quick ratio of 0.42. ARC Resources has a 12 month low of C$21.14 and a 12 month high of C$31.56.

ARC Resources (TSE:ARX) last issued its earnings results on Thursday, February 5th. The oil and gas exploration company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$1.58 billion during the quarter. ARC Resources had a return on equity of 15.52% and a net margin of 20.99%. As a group, research analysts forecast that ARC Resources will post 2.7255139 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARX has been the subject of several research reports. Scotiabank decreased their price objective on shares of ARC Resources from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered shares of ARC Resources from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$27.50 to C$25.50 in a report on Monday, February 9th. MKM Partners set a C$34.00 price target on shares of ARC Resources and gave the stock a “buy” rating in a research report on Friday, December 19th. BMO Capital Markets lowered their price target on ARC Resources from C$33.00 to C$28.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Finally, Desjardins cut their price objective on ARC Resources from C$31.00 to C$27.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$29.00.

ARC Resources Company Profile

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.