ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) declared a dividend on Tuesday, December 24th,investing.com reports. Shareholders of record on Wednesday, January 1st will be paid a dividend of 0.1335 per share by the energy company on Wednesday, January 15th. This represents a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from ARC Resources's previous dividend of $0.13.
ARC Resources Trading Up 1.2 %
Shares of ARC Resources stock traded up $0.81 during trading hours on Tuesday, hitting $17.74. The company's stock had a trading volume of 3,770 shares, compared to its average volume of 74,120. The business has a fifty day moving average of $17.56 and a 200 day moving average of $17.58. ARC Resources has a 1-year low of $14.58 and a 1-year high of $19.64. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $10.50 billion, a PE ratio of 11.52 and a beta of 1.12.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.13. The firm had revenue of $682.78 million during the quarter, compared to the consensus estimate of $622.55 million. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%. As a group, equities analysts forecast that ARC Resources will post 1.26 EPS for the current year.
Analyst Ratings Changes
Separately, Canaccord Genuity Group upgraded ARC Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th.
Read Our Latest Report on AETUF
About ARC Resources
(
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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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