Arc Resources (OTCMKTS:AETUF) Shares Pass Below Fifty Day Moving Average - Here's Why

Key Points

• Arc Resources Ltd. (OTCMKTS:AETUF) saw its share price fall below its 50-day moving average of $20.43, trading as low as $18.98 before closing at $19.14.
• A number of analysts maintain positive sentiments towards Arc Resources, with two firms reiterating a "buy" rating and one analyst upgrading the rating to "buy" from "strong-buy."
• Arc Resources announced a quarterly dividend of $0.19 per share, representing a 4.0% dividend yield and a payout ratio of 30.77%.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.43 and traded as low as $18.98. Arc Resources shares last traded at $19.14, with a volume of 5,561 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. National Bankshares restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Wall Street Zen downgraded shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 18th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Finally, Desjardins reiterated a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Arc Resources Stock Up 0.6%

The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.54 and a beta of 0.37. The firm's 50 day simple moving average is $20.32 and its 200-day simple moving average is $19.72.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. The company had revenue of $801.14 million for the quarter, compared to analysts' expectations of $1.37 billion. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. On average, sell-side analysts anticipate that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.

Arc Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.9%. Arc Resources's dividend payout ratio is currently 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.