ARC Resources (OTCMKTS:AETUF) Reaches New 52-Week High at $19.16

ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $19.16 and last traded at $19.06, with a volume of 12969 shares changing hands. The stock had previously closed at $19.03.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded ARC Resources from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research report on Monday, February 12th.

ARC Resources Stock Up 1.9 %

The stock has a market cap of $11.38 billion, a PE ratio of 9.82 and a beta of 1.15. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $16.86 and a 200-day moving average price of $16.01.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The energy company reported $0.62 EPS for the quarter. ARC Resources had a return on equity of 22.43% and a net margin of 28.19%. The firm had revenue of $1.02 billion during the quarter. As a group, analysts forecast that ARC Resources Ltd. will post 1.52 earnings per share for the current year.

ARC Resources Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.1256 dividend. This represents a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 27th. ARC Resources's dividend payout ratio is currently 12.89%.

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.