ARC Resources (TSE:ARX) Shares Cross Above 200-Day Moving Average – Should You Sell?

ARC Resources Ltd. (TSE:ARX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$24.49 and traded as high as C$27.71. ARC Resources shares last traded at C$27.10, with a volume of 2,709,043 shares.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. CIBC increased their target price on shares of ARC Resources from C$33.00 to C$34.00 in a research report on Friday, November 8th. Scotiabank increased their price objective on shares of 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. UBS Group lifted their target price on shares of ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. TD Securities upped their price target on shares of ARC Resources from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on ARC Resources from C$30.00 to C$32.00 in a research report on Friday, December 13th. Nine 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.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$31.35.

ARC Resources Stock Down 0.9 %

The company has a market capitalization of C$16.16 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 0.29 and a beta of 1.26. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49. The firm has a 50 day moving average price of C$25.50 and a two-hundred day moving average price of C$24.49.

ARC Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.17. ARC Resources’s dividend payout ratio (DPR) is 35.23%.

Insiders Place Their Bets

In other news, Senior Officer Sean Ross Allen Calder sold 30,572 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$27.10, for a total transaction of C$828,360.57. 0.40% of the stock is owned by company insiders.

ARC Resources Company Profile

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.