ARC Resources (OTCMKTS:AETUF - Get Free Report) released its quarterly earnings results on Thursday. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.03, Zacks reports. ARC Resources had a net margin of 24.40% and a return on equity of 14.61%.
ARC Resources Stock Up 2.6 %
Shares of OTCMKTS:AETUF traded up $0.47 on Monday, hitting $18.58. 12,116 shares of the company traded hands, compared to its average volume of 39,997. The stock has a 50 day simple moving average of $17.96 and a 200-day simple moving average of $17.68. 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 cap of $10.97 billion, a PE ratio of 13.56, a PEG ratio of 0.79 and a beta of 1.08. ARC Resources has a 52 week low of $14.89 and a 52 week high of $19.64.
ARC Resources Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a $0.1335 dividend. This is a boost from ARC Resources's previous dividend of $0.13. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, December 31st. ARC Resources's dividend payout ratio is currently 38.69%.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group upgraded ARC Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th.
Get Our Latest Analysis on ARC Resources
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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