Arc Resources (OTCMKTS:AETUF) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Arc Resources Ltd. experienced a trading volume of 24,681 shares, a decrease of 22% from the previous day, with the stock currently priced at $17.50.
• Analysts have generally rated Arc Resources as a "Buy", with a consensus rating of "Buy" and one analyst assigning a "Strong Buy" rating.
• Arc Resources reported $0.49 earnings per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.19 per share, reflecting a yield of 4.4%.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) saw strong trading volume on Thursday . 24,681 shares changed hands during mid-day trading, a decline of 22% from the previous session's volume of 31,506 shares.The stock last traded at $17.50 and had previously closed at $17.54.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. National Bankshares reiterated an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Finally, Wall Street Zen downgraded Arc Resources from a "strong-buy" rating to a "buy" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Arc Resources Stock Down 1.0%

The business has a 50 day moving average of $19.56 and a 200-day moving average of $19.72. The stock has a market cap of $10.09 billion, a PE ratio of 9.54, a P/E/G ratio of 0.50 and a beta of 0.30. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The energy company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.13. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%.The firm had revenue of $801.14 million for the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts predict that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.

Arc Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.4%. Arc Resources's payout ratio is 30.77%.

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.

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