ARC Resources Ltd (ARX) to Post Q1 2019 Earnings of $0.16 Per Share, Cormark Forecasts
ARC Resources Ltd (TSE:ARX) – Analysts at Cormark issued their Q1 2019 earnings per share (EPS) estimates for ARC Resources in a research report issued on Friday. Cormark analyst A. Arif anticipates that the oil and gas exploration company will post earnings per share of $0.16 for the quarter. Cormark also issued estimates for ARC Resources’ Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.34 EPS.
Several other research firms have also issued reports on ARX. Barclays dropped their price objective on ARC Resources from C$22.00 to C$19.00 in a research note on Tuesday, October 31st. National Bank Financial dropped their price objective on ARC Resources from C$17.50 to C$17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. Eight Capital upped their price objective on ARC Resources from C$22.00 to C$22.50 in a research note on Monday, November 13th. Raymond James Financial dropped their price objective on ARC Resources from C$25.00 to C$24.50 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 14th. Finally, CSFB dropped their price objective on ARC Resources from C$23.00 to C$21.00 in a research note on Tuesday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$20.15.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 4.72%. ARC Resources’s dividend payout ratio is 54.55%.
In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were bought at an average price of C$14.73 per share, for a total transaction of C$73,650.00. Also, insider Bevin Mark Wirzba bought 3,555 shares of the stock in a transaction dated Monday, December 18th. The shares were purchased at an average price of C$14.10 per share, for a total transaction of C$50,125.50. In the last quarter, insiders have bought 10,100 shares of company stock worth $148,326.
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ARC Resources Company Profile
ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No.
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