Insider Buying: ARC Resources Ltd (ARX) Insider Buys C$42,550.00 in Stock

ARC Resources Ltd (TSE:ARX) insider Terry Michael Anderson bought 5,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were acquired at an average cost of C$8.51 per share, for a total transaction of C$42,550.00.

Terry Michael Anderson also recently made the following trade(s):

  • On Friday, November 16th, Terry Michael Anderson bought 5,000 shares of ARC Resources stock. The shares were acquired at an average cost of C$10.40 per share, for a total transaction of C$52,000.00.

ARC Resources stock traded down C$0.20 during midday trading on Friday, hitting C$8.61. The stock had a trading volume of 2,392,700 shares, compared to its average volume of 1,445,746. The company has a debt-to-equity ratio of 24.20, a current ratio of 1.35 and a quick ratio of 1.17. ARC Resources Ltd has a 12 month low of C$8.39 and a 12 month high of C$15.90.

ARC Resources (TSE:ARX) last announced its quarterly earnings data on Thursday, November 8th. The oil and gas exploration company reported C($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.33). The company had revenue of C$394.90 million during the quarter, compared to analysts’ expectations of C$409.50 million. On average, equities analysts forecast that ARC Resources Ltd will post 0.589999967260923 EPS for the current fiscal year.

The company also recently disclosed a dec 18 dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 29th. ARC Resources’s dividend payout ratio is currently 166.67%.

ARX has been the topic of a number of analyst reports. Raymond James dropped their target price on ARC Resources from C$23.00 to C$22.50 in a research report on Friday, October 5th. National Bank Financial dropped their target price on ARC Resources from C$16.50 to C$13.50 and set a “sector perform” rating on the stock in a research report on Friday, November 9th. GMP Securities dropped their target price on ARC Resources from C$17.50 to C$16.75 in a research report on Friday, November 9th. TD Securities lowered their price objective on ARC Resources from C$17.00 to C$15.50 and set a “buy” rating for the company in a report on Monday, November 12th. Finally, CIBC lowered their price objective on ARC Resources from C$20.00 to C$17.00 in a report on Tuesday, November 13th.

TRADEMARK VIOLATION WARNING: This report was first posted by WKRB News and is the property of of WKRB News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.wkrb13.com/2018/12/16/insider-buying-arc-resources-ltd-arx-insider-buys-c42550-00-in-stock.html.

ARC Resources Company Profile

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.

Recommended Story: Purposes and Functions of the Federal Reserve

Insider Buying and Selling by Quarter for ARC Resources (TSE:ARX)

Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply