ARC Resources Ltd (ARX) Given New C$19.00 Price Target at BMO Capital Markets

ARC Resources Ltd (TSE:ARX) had its target price reduced by BMO Capital Markets from C$20.00 to C$19.00 in a research report released on Tuesday.

Other equities analysts have also issued research reports about the company. Barclays PLC decreased their target price on ARC Resources from C$24.00 to C$22.00 in a research note on Monday, July 24th. Royal Bank Of Canada decreased their target price on ARC Resources from C$25.00 to C$22.00 in a research note on Thursday, July 20th. Finally, National Bank Financial decreased their target price on ARC Resources from C$22.00 to C$19.00 in a research note on Friday, June 23rd. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus target price of C$25.00.

Shares of ARC Resources (TSE ARX) opened at 16.24 on Tuesday. ARC Resources has a 12-month low of $15.61 and a 12-month high of $24.94. The company has a market capitalization of $5.74 billion and a P/E ratio of 12.51. The company has a 50 day moving average price of $16.95 and a 200 day moving average price of $17.36.

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The business also recently declared a oct 17 dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.05 dividend. This represents a yield of 3.38%. The ex-dividend date is Thursday, September 28th.

In other ARC Resources news, Director John Patrick Dielwart sold 15,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$17.86, for a total value of C$267,900.00. Also, Director Harold N. Kvisle purchased 6,000 shares of ARC Resources stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of C$16.06 per share, for a total transaction of C$96,360.00. Insiders acquired a total of 11,565 shares of company stock worth $185,783 in the last ninety days.

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.

Analyst Recommendations for ARC Resources (TSE:ARX)

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