Arc Resources (OTCMKTS:AETUF) Shares Gap Down - Here's What Happened

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $21.63, but opened at $20.43. Arc Resources shares last traded at $21.54, with a volume of 21,493 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. National Bankshares reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Arc Resources from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 20th. Raymond James Financial upgraded shares of Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Desjardins reiterated a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Arc Resources Stock Down 0.1%

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 firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.45. The firm has a 50 day moving average of $20.61 and a two-hundred day moving average of $19.12.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.36 billion. Arc Resources had a net margin of 29.09% and a return on equity of 16.98%. As a group, sell-side analysts anticipate that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.52%. Arc Resources's dividend payout ratio (DPR) is currently 32.72%.

About Arc Resources

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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