Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares fell 4% on Thursday . The company traded as low as $20.72 and last traded at $20.72. 4,555 shares traded hands during trading, a decline of 87% from the average session volume of 33,909 shares. The stock had previously closed at $21.58.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on AETUF. Wall Street Zen raised shares of Arc Resources from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 20th. Desjardins reissued a "buy" rating on shares of Arc Resources in a report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. National Bankshares reissued an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Finally, Raymond James Financial raised shares of Arc Resources to a "moderate buy" rating in a report on Monday, April 7th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy".
Check Out Our Latest Stock Analysis on Arc Resources
Arc Resources Price Performance
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 company has a market capitalization of $12.28 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.76 and a beta of 0.45. The firm's fifty day moving average is $20.66 and its 200 day moving average is $19.14.
Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. As a group, analysts predict 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 quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.62%. Arc Resources's payout ratio is 32.72%.
Arc Resources Company Profile
(
Get Free Report)
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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