Arc Resources Ltd. (OTCMKTS:AETUF) Short Interest Up 68.8% in September

Key Points

• Arc Resources Ltd. experienced a significant increase in short interest, rising by 68.8% in September, with a total of 9,606,400 shares shorted.
• Wall Street analysts maintain a positive outlook, with the stock receiving an average rating of "Buy" from six analysts, including a restated "buy" rating from TD Securities.
• The company recently declared a dividend of $0.1376 per share, yielding 306.0%, which was paid to investors on October 15th.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 9,606,400 shares, an increase of 68.8% from the September 15th total of 5,689,600 shares. Based on an average daily volume of 301,700 shares, the short-interest ratio is currently 31.8 days. Based on an average daily volume of 301,700 shares, the short-interest ratio is currently 31.8 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AETUF. TD Securities restated a "buy" rating on shares of Arc Resources in a report on Tuesday, September 30th. Wall Street Zen lowered shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a report on Monday, August 18th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Arc Resources in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Arc Resources Trading Up 1.8%

Shares of AETUF stock opened at $18.07 on Tuesday. The firm has a market cap of $10.51 billion, a P/E ratio of 9.93, a PEG ratio of 0.58 and a beta of 0.24. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 1.20. The firm's 50-day simple moving average is $18.65 and its 200-day simple moving average is $19.63.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.13. The business 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 18.59%. As a group, equities analysts forecast that Arc Resources will post 2.23 EPS for the current year.

Arc Resources Dividend Announcement

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

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.

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