|Bid||6.50 x 0|
|Ask||6.51 x 0|
|Day's Range||6.46 - 6.57|
|52 Week Range||6.08 - 15.90|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||22.41|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.60 (9.15%)|
|1y Target Est||12.86|
Canadian oil and gas producer ARC Resources said on Thursday it has cut its 2019 capital expenditure budget by C$75 million to C$700 million ($530.46 million) due to the postponement of the Attachie West Phase I gas processing and liquids-handling facility. The company also said it expects 2020 capital expenditure to be in the range of C$550 million to C$625 million.
CALGARY , June 20, 2019 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") announced that its board of directors has approved a reduction to the Company's 2019 capital expenditure program, from $775 million to $700 million . 2020 capital expenditures are expected to be in the range of $550 million to $625 million . "ARC's reduced capital investment levels are consistent with our long-held principles of stewarding low debt, sustainable dividends, and investing capital when it is profitable to do so.
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On a per-share basis, the Calgary, Alberta-based company said it had a loss of 11 cents. The oil and natural gas company posted revenue of $247.7 million in the period. Arc Resources shares have risen ...
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