Harold N. Kvisle Acquires 6,000 Shares of ARC Resources Ltd (ARX) Stock

ARC Resources Ltd (TSE:ARX) Director Harold N. Kvisle purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of C$16.06 per share, with a total value of C$96,360.00.

ARC Resources Ltd (TSE:ARX) opened at 16.07 on Friday. The firm has a market capitalization of $5.68 billion and a PE ratio of 12.38. ARC Resources Ltd has a one year low of $15.61 and a one year high of $24.94. The stock’s 50 day moving average is $16.66 and its 200-day moving average is $18.00.

The company also recently disclosed a sep 17 dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, August 29th.

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Several equities research analysts have weighed in on the stock. National Bank Financial lifted their price target on shares of ARC Resources from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Scotiabank reaffirmed an “outperform” rating and issued a C$29.00 price target on shares of ARC Resources in a research note on Thursday, May 4th. TD Securities decreased their price target on shares of ARC Resources from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Barclays PLC decreased their price target on shares of ARC Resources from C$24.00 to C$22.00 in a research note on Monday, July 24th. Finally, Royal Bank Of Canada decreased their price target on shares of ARC Resources from C$25.00 to C$22.00 in a research note on Thursday, July 20th. Seven investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$25.55.

About ARC Resources

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.