Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) reached a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as $22.92 and last traded at $22.80, with a volume of 8020 shares traded. The stock had previously closed at $22.41.
The newly announced dividend which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.38%. Arc Resources's dividend payout ratio is currently 33.95%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Desjardins restated a "buy" rating on shares of Arc Resources in a report on Monday, May 5th. Raymond James Financial raised shares of Arc Resources to a "moderate buy" rating in a research note on Monday, April 7th. Wall Street Zen raised shares of Arc Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Finally, National Bankshares restated an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy".
Read Our Latest Stock Analysis on Arc Resources
Arc Resources Trading Down 1.8%
The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average is $20.29 and its two-hundred day moving average is $18.99. The company has a market capitalization of $13.16 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.45.
Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. Arc Resources had a net margin of 29.09% and a return on equity of 16.98%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.36 billion. As a group, sell-side analysts predict that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.
Arc Resources Company Profile
(
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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