Wall Street Zen Upgrades ARC Resources (OTCMKTS:AETUF) to "Strong-Buy"

Wall Street Zen upgraded shares of ARC Resources (OTCMKTS:AETUF - Free Report) from a buy rating to a strong-buy rating in a report published on Saturday morning.

A number of other equities analysts also recently issued reports on AETUF. National Bankshares reiterated an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Raymond James upgraded ARC Resources to a "moderate buy" rating in a research report on Monday, April 7th. Desjardins reiterated a "buy" rating on shares of ARC Resources in a research report on Monday, May 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

ARC Resources Stock Up 0.5%

OTCMKTS:AETUF traded up $0.11 during mid-day trading on Friday, hitting $22.91. 5,671 shares of the company's stock traded hands, compared to its average volume of 33,313. The company has a fifty day moving average of $20.11 and a 200 day moving average of $18.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14. The company has a market capitalization of $13.39 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.89 and a beta of 0.45. ARC Resources has a twelve month low of $14.89 and a twelve month high of $23.86.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. On average, analysts forecast that ARC Resources will post 2.23 EPS for the current year.

ARC Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.32%. ARC Resources's dividend payout ratio (DPR) is 32.10%.

About ARC Resources

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.