ARC Resources Ltd. (TSE:ARX) Senior Officer Sean Ross Allen Calder Sells 30,572 Shares

ARC Resources Ltd. (TSE:ARX) Senior Officer Sean Ross Allen Calder sold 30,572 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$27.10, for a total transaction of C$828,360.57.

ARC Resources Stock Down 0.8 %

Shares of ARX opened at C$26.76 on Friday. The company’s 50-day simple moving average is C$23.93 and its 200-day simple moving average is C$24.42. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88. ARC Resources Ltd. has a 1 year low of C$19.02 and a 1 year high of C$27.40. The stock has a market capitalization of C$15.95 billion, a PE ratio of 13.87, a P/E/G ratio of 0.29 and a beta of 1.26.

ARC Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 annualized dividend and a yield of 2.54%. ARC Resources’s dividend payout ratio is presently 35.23%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. CIBC increased their price target on shares of ARC Resources from C$33.00 to C$34.00 in a research note on Friday, November 8th. Scotiabank increased their price objective on ARC Resources from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Jefferies Financial Group cut their target price on ARC Resources from C$30.00 to C$27.00 and set a “buy” rating for the company in a research note on Monday, September 16th. National Bankshares upped their price target on ARC Resources from C$31.00 to C$32.00 in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group increased their price target on ARC Resources from C$29.00 to C$31.00 in a report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$30.96.

About ARC Resources

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.