Arc Resources Ltd. (OTCMKTS:AETUF) to Issue $0.14 Dividend

Key Points

• Arc Resources Ltd. has declared a dividend of $0.14 per share, with an impressive yield of 306.0%, to be paid on October 15th to investors of record from September 30th.
• The company's market cap stands at $10.45 billion, with a price-to-earnings ratio of 9.87 and a robust return on equity of 18.83% reported in its last quarterly earnings.
• Arc Resources primarily focuses on crude oil and natural gas exploration in Canada, with significant operations located in the Montney basin region of Alberta and British Columbia.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) announced a dividend on Saturday, September 20th, investing.com reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.1376 per share by the energy company on Wednesday, October 15th. This represents a yield of 306.0%. The ex-dividend date is Monday, September 29th.

Arc Resources Stock Performance

Shares of OTCMKTS:AETUF traded down $0.02 during mid-day trading on Friday, reaching $17.97. The company had a trading volume of 546,693 shares, compared to its average volume of 172,355. The company's 50-day moving average price is $19.21 and its 200-day moving average price is $19.73. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.50 and a beta of 0.30. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. Arc Resources has a one year low of $15.05 and a one year high of $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The energy company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.13. The company had revenue of $801.14 million during the quarter, compared to the consensus estimate of $1.37 billion. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. As a group, equities research analysts anticipate that Arc Resources will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AETUF has been the subject of a number of recent research reports. Wall Street Zen cut shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 18th. Raymond James Financial restated an "outperform" rating on shares of Arc Resources in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy".

Arc Resources Company Profile

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.