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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) gapped down prior to trading 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AETUF shares. Wall Street Zen lowered shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Desjardins reaffirmed a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th. Royal Bank Of Canada restated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Raymond James Financial raised Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Finally, National Bankshares reaffirmed 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 company. According to MarketBeat, the company currently has a consensus rating of "Buy".

Arc Resources Stock Down 1.4%

The firm has a market capitalization of $11.76 billion, a PE ratio of 12.42, a P/E/G ratio of 0.72 and a beta of 0.45. 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 stock has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $19.36.

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 for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. Analysts forecast that Arc Resources Ltd. will post 2.23 EPS for the current year.

Arc Resources Announces Dividend

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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.78%. Arc Resources's dividend payout ratio (DPR) is currently 33.95%.

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.