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Last C$18.56 CAD
Change Today +0.11 / 0.60%
Volume 192.7K
As of 9:54 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

arc resources ltd (ARX) Snapshot

Open
C$18.34
Previous Close
C$18.45
Day High
C$18.64
Day Low
C$18.17
52 Week High
09/16/14 - C$31.30
52 Week Low
08/24/15 - C$15.57
Market Cap
6.3B
Average Volume 10 Days
2.3M
EPS TTM
C$-0.50
Shares Outstanding
342.4M
EX-Date
09/28/15
P/E TM
--
Dividend
C$1.20
Dividend Yield
6.55%
Current Stock Chart for ARC RESOURCES LTD (ARX)

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arc resources ltd (ARX) Details

ARC Resources Ltd., together with its subsidiaries, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in western Canada. It has five core areas located in British Columbia, Alberta, Saskatchewan, and Manitoba in the Western Canadian Sedimentary Basin. The company was founded in 1996 and is headquartered in Calgary, Canada.

567 Employees
Last Reported Date: 07/29/15
Founded in 1996

arc resources ltd (ARX) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$570.0K
Chief Financial Officer and Senior Vice-Presi...
Total Annual Compensation: C$334.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$375.0K
Senior Vice President of Corporate Services
Total Annual Compensation: C$330.0K
Senior Vice President of Capital Markets
Total Annual Compensation: C$330.0K
Compensation as of Fiscal Year 2014.

arc resources ltd (ARX) Key Developments

ARC Resources Ltd. Confirms Dividend for September 2015, Payable on September 15, 2015

ARC Resources Ltd. confirmed that an eligible dividend of $0.10 per share will be paid on September 15, 2015 to shareholders of record on August 31, 2015. The ex-dividend date is August 27, 2015.

ARC Resources Ltd. Declares Monthly Dividend for August 2015 through October 2015, Payable on September 15, 2015, October 15, 2015 and November 16, 2015 Respectively

ARC Resources Ltd. has declared a monthly dividend of $0.10 per share for August 2015 through October 2015 payable on September 15, 2015, October 15, 2015 and November 16, 2015 respectively. The ex-dividend date are August 27, 2015, September 28, 2015, October 28, 2015 and record dates are August 31, 2015, September 30, 2015, October 30, 2015 respectively.

ARC Resources Ltd. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2015 and for the Year 2016; Provides Capital Budget Program for the Year 2015 and 2016

ARC Resources Ltd. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported funds from operations of $206.3 million or $0.61 per share compared to $295.8 million or $0.93 per share for the same period a year ago. Net loss was $51.0 million or $0.15 per share compared to net income of $147.4 million or $0.47 per share for the same period a year ago. Total capital expenditures, including land and net property acquisitions were $97.7 million compared to $226.4 million last year. Second quarter commodity sales revenue was $321.7 million was down 43% against a year ago. Second quarter capital expenditures, before land and net property acquisitions and dispositions, totaled $98.4 million and were focused primarily on company’s Montney lands in northeast British Columbia. For the six months, the company reported funds from operations of $397.8 million or $1.18 per share compared to $588.1 million or $1.86 per share for the same period a year ago. Net loss was $52.7 million or $0.16 per share compared to net income of $176.8 million or $0.56 per share for the same period a year ago. Total capital expenditures, including land and net property acquisitions were $217.6 million compared to $504.9 million last year. Net debt outstanding was $878.1 million as on June 30, 2015 compared to $1,061.9 million as on June 30, 2014. First half 2015 commodity sales revenue was $628.3 million was down 44% against a year ago. For the first half 2015 capital expenditures, before land and net property acquisitions and dispositions, totaled $227.9 million and were focused primarily on company’s Montney lands in northeast British Columbia. For the quarter, the company reported total production of 109,900 boe/d against 110,165 boe/d a year ago. Second quarter 2015 natural gas production of 426 MMcf per day was up 7% and crude oil and liquids production of 38,892 barrels per day was down 12% compared to the second quarter of 2014. First half 2015 production of 115,098 boe per day was 7% higher than the first half of 2014, with natural gas production increasing 15% to 443 MMcf per day as a result of new wells coming on-stream at Sunrise, and crude oil and liquids production decreasing 6% to 41,310 barrels per day due to lower capital activity in response to declining crude oil prices. The company’s full-year of 2015 average production is expected to be in the range of 113,000 to 116,000 boe per day, which takes into account reduced 2015 capital spending and the divestment of 2,400 boe per day of non-core shallow gas production early in the second quarter of 2015. As a result of significantly reduced drilling and completions activities in the first half of 2015 and scheduled maintenance activities during the third quarter of 2015, the company expects third quarter production to decline to 104,000 to 107,000 boe per day. Based on the planned start-up of the new Sunrise gas plant and expanded Tower oil battery, production is expected to increase to 122,000 to 126,000 boe per day in the fourth quarter of 2015. The company assumes a 2016 capital program of approximately $600 million. The company expects that full-year 2016 production should be in the range of 122,000 to 126,000 boe per day. The company announced a reduced 2015 capital budget of $550 million. The reduction represents a 37% decrease from the original 2015 capital program of $875 million. The 2015 capital budget includes spending on strategic long-term development and infrastructure projects at Sunrise and Tower, which create additional productive capacity and set the stage for long-term profitable growth. The company’s 2015 capital program is dynamic and capital will be allocated to the high rate-of-return projects in response to market conditions during 2015.

 

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Valuation ARX Industry Range
Price/Earnings 38.5x
Price/Sales 4.2x
Price/Book 1.6x
Price/Cash Flow 6.3x
TEV/Sales 3.4x
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