ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.71 and last traded at $21.23, with a volume of 10300 shares traded. The stock had previously closed at $21.25.
Analyst Upgrades and Downgrades
AETUF has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Raymond James raised ARC Resources to a "moderate buy" rating in a report on Monday, April 7th. National Bankshares restated an "outperform" rating on shares of ARC Resources in a report on Friday, May 16th. Finally, Desjardins reaffirmed a "buy" rating on shares of ARC Resources in a research report on Monday, May 5th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".
Check Out Our Latest Research Report on ARC Resources
ARC Resources Price Performance
The business has a fifty day moving average of $19.26 and a 200 day moving average of $18.49. The firm has a market cap of $12.44 billion, a P/E ratio of 15.50, a PEG ratio of 0.89 and a beta of 0.40. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. On average, sell-side analysts anticipate that ARC Resources Ltd. will post 2.23 earnings per share for the current year.
ARC Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.58%. This is a boost from ARC Resources's previous quarterly dividend of $0.05. 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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