Shares of ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.05 and traded as low as $16.30. ARC Resources shares last traded at $17.13, with a volume of 29,822 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised shares of ARC Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th.
Check Out Our Latest Research Report on AETUF
ARC Resources Stock Up 5.0 %
The company's 50-day moving average is $17.96 and its 200 day moving average is $17.67. The stock has a market capitalization of $10.69 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. As a group, analysts anticipate that ARC Resources Ltd. will post 1.34 EPS for the current year.
ARC Resources Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.1335 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 3.05%. This is a positive change from ARC Resources's previous dividend of $0.13. ARC Resources's dividend payout ratio is currently 37.96%.
About ARC Resources
(
Get Free Report)
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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