Arc Resources (OTCMKTS:AETUF) Shares Up 0.6% - Should You Buy?

Key Points

• Arc Resources shares rose by 0.6% on Monday, with a last trading price of $18.72, despite trading volume decreasing by 91% compared to its average.
• Analysts have a consensus rating of "Buy" for Arc Resources, with TD Securities and Raymond James maintaining positive outlooks, while Wall Street Zen downgraded the rating to "Buy".
• The company declared a dividend of $0.1376 per share, representing a remarkable 306.0% dividend yield, with the payout scheduled for October 15th.

Shares of Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shot up 0.6% on Monday . The stock traded as high as $18.74 and last traded at $18.72. 21,159 shares traded hands during trading, a decline of 91% from the average session volume of 245,632 shares. The stock had previously closed at $18.60.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AETUF. TD Securities reiterated a "buy" rating on shares of Arc Resources in a research note on Tuesday, September 30th. Raymond James Financial reiterated an "outperform" rating on shares of Arc Resources in a research note on Monday, September 15th. Finally, Wall Street Zen downgraded 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 issued a Buy rating to the company's stock. According to MarketBeat.com, Arc Resources currently has a consensus rating of "Buy".

Arc Resources Trading Up 0.6%

The firm has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $19.70. 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 $10.88 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.61 and a beta of 0.24.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last issued its earnings results on Thursday, July 31st. The energy company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.36 by $0.13. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%.The business had revenue of $801.14 million during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts predict that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

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

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.

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