ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) announced a quarterly dividend on Monday, June 16th, RTT News reports. Stockholders of record on Monday, June 30th will be given 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 3.33%.
ARC Resources Trading Up 1.7%
OTCMKTS AETUF traded up $0.38 during mid-day trading on Monday, reaching $22.80. 8,020 shares of the stock were exchanged, compared to its average volume of 33,559. The stock has a market cap of $13.33 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.89 and a beta of 0.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. ARC Resources has a one year low of $14.89 and a one year high of $22.92. The stock has a 50 day simple moving average of $19.98 and a 200-day simple moving average of $18.91.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last released its earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. On average, analysts anticipate that ARC Resources will post 2.23 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Desjardins reaffirmed a "buy" rating on shares of ARC Resources in a report on Monday, May 5th. Raymond James raised shares of ARC Resources to a "moderate buy" rating in a report on Monday, April 7th. Wall Street Zen raised shares of ARC Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, National Bankshares reissued an "outperform" rating on shares of ARC Resources in a research note on Friday, May 16th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".
View Our Latest Report on ARC Resources
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ARC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARC Resources wasn't on the list.
While ARC Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
