ARC Resources (ARX) Reaches New 52-Week Low at $14.79

ARC Resources Ltd (TSE:ARX)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$14.79 and last traded at C$15.50, with a volume of 956125 shares traded. The stock had previously closed at C$15.65.

ARX has been the topic of a number of research reports. BMO Capital Markets dropped their price target on shares of ARC Resources from C$20.00 to C$19.00 in a research note on Tuesday, October 10th. National Bank Financial dropped their price target on shares of ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. Barclays dropped their price target on shares of ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st. CSFB dropped their price target on shares of ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. Finally, Eight Capital upped their price target on shares of ARC Resources from C$22.00 to C$22.50 in a research note on Monday, November 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$23.18.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, November 29th. ARC Resources’s payout ratio is 44.12%.

In other ARC Resources news, Director John Patrick Dielwart sold 15,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$17.86, for a total transaction of C$267,900.00.

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ARC Resources Company Profile

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.

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