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

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 trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Wall Street Zen lowered Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. National Bankshares reissued an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Raymond James Financial raised Arc Resources to a "moderate buy" rating in a research note on Monday, April 7th. Finally, Desjardins reissued a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Arc Resources currently has an average rating of "Buy".

Arc Resources Price 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 firm has a fifty day moving average price of $20.91 and a two-hundred day moving average price of $19.36. The stock has a market capitalization of $11.93 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.72 and a beta of 0.45.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 year.

Arc Resources Announces Dividend

The firm 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 annualized dividend and a yield of 3.73%. Arc Resources's payout ratio is 34.57%.

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.