ARC Resources (OTCMKTS:AETUF) Sets New 1-Year High - Here's Why

Shares of ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) reached 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 trading hands. The stock had previously closed at $21.36.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AETUF shares. Royal Bank of Canada reaffirmed an "outperform" rating on shares of ARC Resources in a research note on Friday, May 16th. National Bankshares reissued an "outperform" rating on shares of ARC Resources in a research note on Friday, May 16th. Desjardins reaffirmed a "buy" rating on shares of ARC Resources in a research note on Monday, May 5th. Finally, Raymond James upgraded shares of ARC Resources to a "moderate buy" rating in a report on Monday, April 7th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy".

ARC Resources Price Performance

The firm has a market cap of $12.56 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. The firm's 50 day moving average is $19.62 and its 200 day moving average is $18.76.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.36 billion. As a group, analysts anticipate that ARC Resources Ltd. will post 2.23 earnings per share for the current year.

ARC Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.55%. This is an increase from ARC Resources's previous quarterly dividend of $0.05. ARC Resources's dividend payout ratio is currently 32.10%.

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.