ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.34 and traded as low as $18.28. ARC Resources shares last traded at $18.40, with a volume of 359,100 shares traded.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group upgraded ARC Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th.
Check Out Our Latest Stock Analysis on AETUF
ARC Resources Price Performance
The stock has a market cap of $10.86 billion, a PE ratio of 13.43, a PEG ratio of 0.89 and a beta of 1.08. The business's 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.86. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. On average, research analysts expect that ARC Resources Ltd. will post 2.23 EPS for the current fiscal year.
ARC Resources Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a dividend of $0.1335 per share. This is an increase from ARC Resources's previous dividend of $0.13. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 3.05%. ARC Resources's dividend payout ratio is 37.96%.
ARC Resources Company Profile
(
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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