ARC Resources Ltd (TSE:ARX) – Investment analysts at Cormark cut their Q3 2017 EPS estimates for ARC Resources in a research report issued on Friday. Cormark analyst A. Arif now forecasts that the oil and gas exploration company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.12. Cormark also issued estimates for ARC Resources’ Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.20 EPS and FY2018 earnings at $0.82 EPS.
ILLEGAL ACTIVITY WARNING: “Cormark Equities Analysts Lower Earnings Estimates for ARC Resources Ltd (TSE:ARX)” was originally published by Rincon Hill News and is the sole property of of Rincon Hill News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://rinconhillneighbors.org/2017/08/19/cormark-equities-analysts-lower-earnings-estimates-for-arc-resources-ltd-tsearx-updated.html.
Several other research analysts have also recently weighed in on ARX. Barclays PLC upgraded ARC Resources from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada lowered their price objective on ARC Resources from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Thursday, May 4th. TD Securities lowered their price objective on ARC Resources from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Scotiabank reiterated an “outperform” rating and set a C$29.00 price objective on shares of ARC Resources in a research report on Thursday, May 4th. Finally, National Bank Financial lowered their price objective on ARC Resources from C$22.00 to C$19.00 in a research report on Friday, June 23rd. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$25.55.
Shares of ARC Resources (TSE ARX) opened at 16.52 on Monday. The stock has a 50 day moving average of $17.01 and a 200 day moving average of $18.49. ARC Resources has a 52 week low of $15.89 and a 52 week high of $24.94. The firm has a market cap of $5.84 billion and a P/E ratio of 20.88.
In other news, Director John Patrick Dielwart sold 10,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of C$16.77, for a total transaction of C$167,700.00.
The business also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.05 per share. This represents a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, July 27th.
ARC Resources Company Profile
Receive News & Ratings for ARC Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources Ltd and related companies with our FREE daily email newsletter.