Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s stock price traded down 4% during trading on Thursday . The company traded as low as $20.72 and last traded at $20.72. 4,555 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 33,909 shares. The stock had previously closed at $21.58.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Raymond James Financial raised shares of Arc Resources to a "moderate buy" rating in a research note on Monday, April 7th. Royal Bank Of Canada reissued 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. Wall Street Zen cut shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Desjardins reaffirmed a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy".
Check Out Our Latest Analysis on AETUF
Arc Resources Stock Performance
The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $20.70 and its 200 day moving average is $19.20. The stock has a market capitalization of $12.27 billion, a PE ratio of 12.95, a PEG ratio of 0.74 and a beta of 0.45.
Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly 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 net margin of 29.09% and a return on equity of 16.98%. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.36 billion. On average, equities research analysts predict that Arc Resources Ltd. will post 2.23 earnings per share for the current fiscal year.
Arc Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.62%. Arc Resources's dividend payout ratio is presently 32.72%.
About Arc Resources
(
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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