Arc Resources (OTCMKTS:AETUF) Shares Gap Down - Time to Sell?

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $20.40, but opened at $19.78. Arc Resources shares last traded at $19.78, with a volume of 583 shares traded.

Analysts Set New Price Targets

AETUF has been the subject of several research analyst reports. National Bankshares reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Raymond James Financial upgraded Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Wall Street Zen downgraded Arc Resources from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Finally, Desjardins reiterated a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Arc Resources has an average rating of "Buy".

Arc Resources Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 0.72 and a beta of 0.45. The stock has a fifty day moving average of $20.95 and a 200 day moving average of $19.38.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping 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 the consensus estimate of $1.36 billion. On average, analysts expect that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 3.79%. Arc Resources's payout ratio is presently 34.57%.

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.