ARC Resources (TSE:ARX) Stock Passes Above 200-Day Moving Average – Time to Sell?

ARC Resources Ltd. (TSE:ARX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$24.76 and traded as high as C$26.99. ARC Resources shares last traded at C$26.61, with a volume of 948,799 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARX. BMO Capital Markets raised their price target on shares of ARC Resources from C$30.00 to C$32.00 in a report on Friday, December 13th. National Bankshares raised their price target on shares of ARC Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Jefferies Financial Group raised their price target on shares of ARC Resources from C$27.00 to C$29.00 in a report on Monday, December 16th. UBS Group raised their price target on shares of ARC Resources from C$31.00 to C$33.00 in a report on Monday, December 9th. Finally, Canaccord Genuity Group increased their price objective on shares of ARC Resources from C$29.00 to C$31.00 in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ARC Resources has a consensus rating of “Buy” and a consensus price target of C$32.29.

ARC Resources Price Performance

The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14. The company has a market cap of C$15.66 billion, a PE ratio of 14.03, a PEG ratio of 0.29 and a beta of 1.26. The company’s 50-day simple moving average is C$25.90 and its 200 day simple moving average is C$24.76.

ARC Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.86%. This is a boost from ARC Resources’s previous quarterly dividend of $0.17. ARC Resources’s dividend payout ratio (DPR) is currently 35.86%.

Insider Buying and Selling at ARC Resources

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

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.