ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.74 and last traded at $21.71, with a volume of 4726 shares changing hands. The stock had previously closed at $21.36.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on AETUF shares. Royal Bank of Canada reiterated an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. National Bankshares reiterated an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Desjardins reissued a "buy" rating on shares of ARC Resources in a report on Monday, May 5th. Finally, Raymond James raised ARC Resources to a "moderate buy" rating in a report on Monday, April 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ARC Resources currently has a consensus rating of "Buy".
Check Out Our Latest Analysis on AETUF
ARC Resources Trading Up 1.6%
The company has a market capitalization of $12.68 billion, a PE ratio of 15.79, a PEG ratio of 0.89 and a beta of 0.45. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $19.66 and a two-hundred day moving average of $18.80.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. As a group, sell-side analysts anticipate that ARC Resources Ltd. will post 2.23 earnings per share for the current fiscal year.
ARC Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.19 dividend. This is a boost from ARC Resources's previous quarterly dividend of $0.05. This represents a $0.76 dividend on an annualized basis and a yield of 3.51%. ARC Resources's payout ratio is 32.10%.
About ARC Resources
(
Get Free Report)
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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