ARC Resources (ARX) Set to Announce Earnings on Wednesday

ARC Resources (TSE:ARX) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect ARC Resources to post earnings of C$0.33 per share for the quarter.

ARC Resources Stock Down 0.1 %

Shares of TSE:ARX opened at C$23.13 on Tuesday. The firm has a market cap of C$13.79 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.29 and a beta of 1.26. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49. ARC Resources has a 12 month low of C$19.02 and a 12 month high of C$26.45. The company’s 50-day moving average price is C$23.93 and its two-hundred day moving average price is C$24.44.

ARC Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.94%. ARC Resources’s dividend payout ratio is 35.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, July 10th. National Bankshares decreased their price objective on shares of ARC Resources from C$32.00 to C$31.00 in a research report on Friday, September 27th. Jefferies Financial Group dropped their price target on ARC Resources from C$30.00 to C$27.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Cormark raised ARC Resources to a “moderate buy” rating in a research note on Monday, September 23rd. Finally, Desjardins upped their price target on ARC Resources from C$30.00 to C$31.50 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$30.46.

ARC Resources Company Profile

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.