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

Key Points

• Arc Resources Ltd. has received a consensus recommendation of "Buy" from four brokerages, with three giving a buy rating and one a strong buy rating.
• The company reported $0.49 EPS for the last quarter, exceeding the consensus estimate, and had a revenue of $801.14 million, which was below analysts' expectations.
• Arc Resources recently announced a quarterly dividend of $0.19, resulting in a dividend yield of 3.8% and a payout ratio of 34.57%.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) has received an average recommendation of "Buy" from the four brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently weighed in on AETUF. Royal Bank Of Canada restated an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Desjardins restated a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Raymond James Financial upgraded Arc Resources to a "moderate buy" rating in a research note on Monday, April 7th. Wall Street Zen upgraded Arc Resources from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 28th. Finally, National Bankshares restated an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th.

Arc Resources Stock Down 0.8%

Shares of AETUF traded down $0.16 during mid-day trading on Friday, reaching $19.63. The company's stock had a trading volume of 14,196 shares, compared to its average volume of 13,736. Arc Resources has a 12-month low of $14.89 and a 12-month high of $23.86. The stock has a market cap of $11.45 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.55 and a beta of 0.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. The company's 50 day moving average is $20.89 and its 200 day moving average is $19.55.

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 firm had revenue of $801.14 million for the quarter, compared to the consensus estimate of $1.37 billion. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%. Equities analysts anticipate that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.9%. Arc Resources's payout ratio is 30.77%.

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.