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

Key Points

• Arc Resources Ltd.'s stock price gapped down from $18.60 to $17.64 when the market opened, last trading at $18.62.
• Analysts have mixed ratings on the stock, with Raymond James maintaining an "outperform" rating and Wall Street Zen downgrading it from "strong-buy" to "buy."
• The company announced a dividend of $0.1376 per share, with a yield of 306.0%, set to be paid on October 15th.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.60, but opened at $17.64. Arc Resources shares last traded at $18.62, with a volume of 3,457 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on AETUF shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Monday, September 15th. TD Securities reaffirmed a "buy" rating on shares of Arc Resources in a research note on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, Arc Resources presently has an average rating of "Buy".

Arc Resources Trading Up 0.3%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.59 and a current ratio of 0.60. The firm has a market cap of $10.84 billion, a PE ratio of 10.25, a PEG ratio of 0.61 and a beta of 0.24. The stock's 50 day simple moving average is $18.87 and its 200 day simple moving average is $19.70.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released 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 business had revenue of $801.14 million during 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 forecast that Arc Resources Ltd. will post 2.23 earnings per share for the current fiscal year.

Arc Resources Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.1376 dividend. This represents a dividend yield of 306.0%. The ex-dividend date is Monday, September 29th. Arc Resources's payout ratio is presently 30.22%.

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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