Arc Resources (OTCMKTS:AETUF) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

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) shares 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.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen lowered 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 reissued an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. National Bankshares reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Finally, Desjardins reissued a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, Arc Resources currently has an average rating of "Buy".

Arc Resources Stock Performance

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 company has a market cap of $11.02 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.54 and a beta of 0.37. The stock has a 50 day simple moving average of $20.25 and a 200 day simple moving average of $19.74.

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

Arc Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.0%. Arc Resources's dividend payout ratio (DPR) is currently 30.22%.

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.