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.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Friday. Desjardins reiterated a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th. National Bankshares reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Raymond James Financial upgraded shares of Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Arc Resources Stock Performance

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 firm has a market capitalization of $12.27 billion, a PE ratio of 12.95, a PEG ratio of 0.74 and a beta of 0.45. The firm's fifty day moving average price is $20.70 and its 200 day moving average price is $19.19.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.36 billion. On average, research analysts anticipate that Arc Resources Ltd. will post 2.23 earnings per share for the current year.

Arc Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. Arc Resources's dividend payout ratio 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.