Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Rating of "Buy" from Analysts

Key Points

• Arc Resources Ltd. has received an average analyst rating of "Buy", with five analysts giving it a buy recommendation and one analyst rating it as a strong buy.
• Despite the positive ratings, Arc Resources' stock recently fell by 2% and the company reported earnings of $0.49 per share, surpassing estimates but with revenues below expectations at $801.14 million.
• The company also announced a dividend of $0.1376 per share, indicating a payout ratio of 30.22% with a substantial dividend yield of 306.0%.

Shares of Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) have earned an average recommendation of "Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts have recently commented on the company. TD Securities reissued a "buy" rating on shares of Arc Resources in a report on Tuesday, September 30th. Raymond James Financial reaffirmed an "outperform" rating on shares of Arc Resources in a report on Monday, September 15th. Finally, Wall Street Zen lowered shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 18th.

Arc Resources Stock Down 2.0%

AETUF opened at $17.70 on Friday. The company has a fifty day moving average price of $18.73 and a 200-day moving average price of $19.66. The firm has a market capitalization of $10.29 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.59 and a beta of 0.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. 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 posted its earnings results on Thursday, July 31st. The energy company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.36 by $0.13. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%.The business had revenue of $801.14 million during the quarter, compared to analysts' expectations of $1.37 billion. Equities research analysts expect that Arc Resources will post 2.23 earnings per share for the current fiscal year.

Arc Resources Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1376 per share. The ex-dividend date was Monday, September 29th. This represents a dividend yield of 306.0%. Arc Resources's dividend payout ratio is 30.22%.

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.

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