ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Down 10.8% in November

ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 6,246,300 shares, a decrease of 10.8% from the November 15th total of 7,003,600 shares. Based on an average daily volume of 57,000 shares, the short-interest ratio is presently 109.6 days.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised ARC Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th.

ARC Resources Price Performance

AETUF traded down $0.14 on Friday, hitting $17.87. 313,007 shares of the stock were exchanged, compared to its average volume of 73,573. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 11.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. ARC Resources has a 12 month low of $14.32 and a 12 month high of $19.64. The business has a 50-day moving average of $17.68 and a two-hundred day moving average of $17.64.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.13. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. The business had revenue of $682.78 million for the quarter, compared to analyst estimates of $622.55 million. Sell-side analysts forecast that ARC Resources will post 1.26 EPS for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.1251 per share. This is an increase from ARC Resources's previous dividend of $0.12. This represents a dividend yield of 2.96%. The ex-dividend date was Friday, September 27th. ARC Resources's dividend payout ratio is currently 32.47%.

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.