ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.53 and traded as low as $16.71. ARC Resources shares last traded at $17.76, with a volume of 55,050 shares.
ARC Resources Stock Performance
The stock's 50-day moving average price is $17.53 and its 200-day moving average price is $17.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $10.85 billion, a P/E ratio of 12.00 and a beta of 1.12.
ARC Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.29 earnings per share for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The business had revenue of $842.85 million for the quarter.
ARC Resources Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.1251 dividend. This represents a dividend yield of 2.96%. The ex-dividend date is Friday, September 27th. This is a boost from ARC Resources's previous dividend of $0.12. ARC Resources's dividend payout ratio (DPR) is 33.78%.
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.
See Also
Before you consider ARC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARC Resources wasn't on the list.
While ARC Resources currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
