ARC Resources (OTCMKTS:AETUF) Hits New 52-Week High - Should You Buy?

ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $21.86 and last traded at $21.53, with a volume of 6166 shares traded. The stock had previously closed at $21.63.

Analyst Ratings Changes

AETUF has been the subject of several research analyst reports. Desjardins reaffirmed a "buy" rating on shares of ARC Resources in a research note on Monday, May 5th. National Bankshares reaffirmed an "outperform" rating on shares of ARC Resources in a report on Friday, May 16th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of ARC Resources in a research note on Friday, May 16th. Finally, Raymond James upgraded shares of 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy".

ARC Resources Stock Up 1.0%

The company has a market cap of $12.91 billion, a PE ratio of 16.11, a P/E/G ratio of 0.89 and a beta of 0.45. The business's 50 day moving average is $19.78 and its 200-day moving average is $18.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share (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 company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.36 billion. As a group, analysts predict that ARC Resources Ltd. will post 2.23 EPS for the current year.

ARC Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from ARC Resources's previous quarterly dividend of $0.05. ARC Resources's dividend payout ratio (DPR) is 32.10%.

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.