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Closing Bell: Arc Resources Ltd down on Friday (ARX)

Automated Summaries - The Globe and Mail - Mon Aug 5, 4:01PM CDT

Today during trading, Arc Resources Ltd shares closed at $23.00 after opening the day at $23.05. Intraday prices ranged from $22.65 to $23.36.

Shares eased -1.67% from the previous day's close of $23.39.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

Arc Resources Ltd traded under ARX on the Toronto Stock Exchange (TSX).

A total of 1,884,329 shares was traded during the last trading day, with total trades of 9,636. On average, Arc Resources Ltd has traded 1,681,651 shares over 5 days and 1,967,896 year-to-date.

The TSX overall saw 432 price advancers against 4,843 declines and 43 unchanged.

During the prior 52 weeks, ARX.TO has traded as high as $26.17 (April 10,2024) and low as $19.02 (December 13,2023). Moreover, the shares have boosted 16.63 percent in the last 52 weeks, while they have advanced 16.93% this year.

It announced a 0.17 dividend on June 17/24, with an June 28/24 ex-date and July 15/24 pay day.

Following today's trading, Arc Resources Ltd has a market capitalization of $13.72 billion on a float of 596,700 shares outstanding. Its annual EPS is $1.93.

Arc Resources Ltd is a TSX Oil & Gas E&P company headquartered in Calgary, CAN.

Currently, Arc Resources Ltd's consensus rating is "Strong Buy" based on 11 analysts according to Zacks. Currently, there are 10 buy ratings and 1 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..