ARC Resources Ltd. (TSE:ARX – Get Free Report) declared a quarterly dividend on Monday, June 17th, RTT News reports. Investors of record on Friday, June 28th will be given a dividend of 0.17 per share by the oil and gas exploration company on Monday, July 15th. This represents a $0.68 annualized dividend and a yield of 2.83%.
ARC Resources Trading Up 0.3 %
ARC Resources stock traded up C$0.06 during mid-day trading on Monday, hitting C$24.01. The stock had a trading volume of 2,920,334 shares, compared to its average volume of 1,952,193. The stock has a 50-day simple moving average of C$25.28 and a two-hundred day simple moving average of C$22.96. The stock has a market capitalization of C$14.35 billion, a PE ratio of 12.01, a P/E/G ratio of 0.29 and a beta of 1.32. ARC Resources has a 12 month low of C$17.07 and a 12 month high of C$26.17. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 29.15.
ARC Resources (TSE:ARX – Get Free Report) last issued its earnings results on Thursday, May 9th. The oil and gas exploration company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.17). ARC Resources had a return on equity of 16.66% and a net margin of 22.74%. The company had revenue of C$1.31 billion for the quarter, compared to the consensus estimate of C$1.08 billion. As a group, sell-side analysts forecast that ARC Resources will post 1.9710258 EPS for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on ARC Resources
Insider Buying and Selling at ARC Resources
In related news, Director Hugh Hegeler Connett acquired 1,500 shares of the company’s stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of C$18.88 per share, with a total value of C$28,315.95. In other news, Senior Officer Brian Rognvald Groundwater sold 17,470 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$25.62, for a total transaction of C$447,595.38. Also, Director Hugh Hegeler Connett purchased 1,500 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of C$18.88 per share, with a total value of C$28,315.95. Insiders sold 126,836 shares of company stock valued at $3,222,500 in the last three months. Corporate insiders own 0.38% of the company’s stock.
About ARC Resources
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.
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