Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) declared a quarterly dividend on Monday, June 16th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.19 per share by the energy company on Tuesday, July 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.38%.
Arc Resources Price Performance
OTCMKTS AETUF traded down $0.41 on Thursday, reaching $22.50. The company's stock had a trading volume of 32,001 shares, compared to its average volume of 12,328. Arc Resources has a 52 week low of $14.89 and a 52 week high of $23.86. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. The firm has a market cap of $13.16 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.45. The business has a 50-day moving average price of $20.29 and a 200 day moving average price of $18.99.
Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. Sell-side analysts expect that Arc Resources will post 2.23 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have commented on AETUF shares. Wall Street Zen upgraded shares of Arc Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. National Bankshares restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Raymond James Financial upgraded Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Finally, Desjardins restated a "buy" rating on shares of Arc Resources in a report on Monday, May 5th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Check Out Our Latest Analysis on AETUF
Arc Resources Company Profile
(
Get Free Report)
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.
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