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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) have been given an average rating of "Buy" by the four brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. National Bankshares reissued an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Raymond James Financial raised shares of Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Wall Street Zen downgraded shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Desjardins reissued a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th.

Arc Resources Price Performance

OTCMKTS AETUF traded up $0.05 on Wednesday, reaching $20.17. 6,053 shares of the stock traded hands, compared to its average volume of 24,217. The firm's fifty day simple moving average is $20.98 and its 200 day simple moving average is $19.39. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.71 and a beta of 0.45. Arc Resources has a 12 month low of $14.89 and a 12 month high of $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share 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 analyst estimates of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. As a group, research analysts predict that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.77%. Arc Resources's payout ratio is presently 34.57%.

About Arc Resources

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.