ARC Resources Ltd (ARX) Announces May 19 Dividend of $0.05

ARC Resources Ltd (TSE:ARX) announced a may 19 dividend on Monday, April 15th, RTT News reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.05 per share by the oil and gas exploration company on Wednesday, May 15th. This represents a dividend yield of 6.43%. The ex-dividend date is Monday, April 29th.

Shares of ARX stock opened at C$9.27 on Wednesday. The company has a debt-to-equity ratio of 24.74, a quick ratio of 1.31 and a current ratio of 1.97. The firm has a market cap of $3.30 billion and a PE ratio of 15.45. ARC Resources has a one year low of C$7.38 and a one year high of C$15.90.

ARC Resources (TSE:ARX) last announced its quarterly earnings results on Thursday, February 7th. The oil and gas exploration company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.14. The company had revenue of C$554.10 million during the quarter, compared to the consensus estimate of C$436.80 million. On average, equities analysts forecast that ARC Resources will post 0.419551268604126 EPS for the current fiscal year.

ARX has been the topic of a number of research reports. GMP Securities lifted their price target on shares of ARC Resources from C$12.75 to C$14.25 in a report on Friday, February 8th. TD Securities reduced their price target on shares of ARC Resources from C$14.00 to C$13.50 and set a “buy” rating on the stock in a report on Friday, February 8th. Royal Bank of Canada reduced their price target on shares of ARC Resources from C$18.00 to C$12.00 in a report on Tuesday, January 8th. Raymond James lifted their price target on shares of ARC Resources from C$18.00 to C$18.25 and gave the company a “strong-buy” rating in a report on Thursday, January 10th. Finally, National Bank Financial upgraded shares of ARC Resources from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Thursday, February 7th.

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About ARC Resources

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

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Dividend History for ARC Resources (TSE:ARX)

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