ARC Resources Ltd (TSE:ARX) declared a quarterly dividend on Monday, September 17th, RTT News reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, September 27th.

Shares of ARC Resources stock traded down C$0.11 during trading on Wednesday, reaching C$14.17. 512,608 shares of the company’s stock were exchanged, compared to its average volume of 1,256,406. ARC Resources has a 1-year low of C$11.88 and a 1-year high of C$18.34.

ARC Resources (TSE:ARX) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas exploration company reported C($0.13) EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.27). ARC Resources had a return on equity of 8.10% and a net margin of 23.54%. The business had revenue of C$344.40 million for the quarter, compared to analyst estimates of C$353.40 million.

A number of equities analysts have recently commented on ARX shares. TD Securities boosted their price target on ARC Resources from C$16.50 to C$17.50 in a report on Thursday, August 2nd. Royal Bank of Canada boosted their price target on ARC Resources from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Monday, July 30th. BMO Capital Markets boosted their price target on ARC Resources from C$15.00 to C$17.00 in a report on Thursday, August 2nd. Raymond James raised ARC Resources from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$22.50 to C$23.00 in a report on Thursday, August 2nd. Finally, CSFB boosted their price target on ARC Resources from C$19.00 to C$20.00 in a report on Wednesday, July 11th.

In other ARC Resources news, Director John Patrick Dielwart bought 6,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were bought at an average price of C$14.49 per share, for a total transaction of C$91,287.00. Also, Director David Ralph Collyer bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were acquired at an average price of C$13.49 per share, for a total transaction of C$134,900.00.

About ARC Resources

ARC Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids. The company primarily holds interests in the Montney resource play properties located in northeast British Columbia and northern Alberta; and other assets located in the Cardium formation in the Pembina area of Alberta.

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Dividend History for ARC Resources (TSE:ARX)

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