Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Arc Resources Ltd. has received a consensus recommendation of "Buy" from five analysts, with four rating it as a buy and one as a strong buy.
• The company recently reported $0.49 EPS for the quarter, exceeding expectations of $0.36, despite a revenue of $801.14 million, which was below analyst estimates of $1.37 billion.
• Arc Resources declared a dividend of $0.1376 to be paid on October 15th, equating to a high dividend yield of 306.0%.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) has been assigned an average recommendation of "Buy" from the five ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. Raymond James Financial reaffirmed an "outperform" rating on shares of Arc Resources in a research report on Monday, September 15th.

Arc Resources Stock Up 1.0%

OTCMKTS AETUF traded up $0.18 on Monday, hitting $18.15. 899,843 shares of the stock were exchanged, compared to its average volume of 172,355. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. Arc Resources has a fifty-two week low of $15.05 and a fifty-two week high of $23.86. The company has a market cap of $10.55 billion, a PE ratio of 9.97, a PEG ratio of 0.50 and a beta of 0.30. The company has a 50-day moving average price of $19.17 and a 200-day moving average price of $19.73.

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

Arc Resources Announces Dividend

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