ARC Resources Ltd. (OTCMKTS:AETUF) Sees Large Decrease in Short Interest

ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 4,271,400 shares, a decrease of 30.9% from the December 15th total of 6,181,100 shares. Based on an average daily volume of 92,600 shares, the short-interest ratio is presently 46.1 days.

Analyst Ratings Changes

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

ARC Resources Price Performance

OTCMKTS AETUF traded up $0.04 on Wednesday, reaching $18.92. The company's stock had a trading volume of 21,486 shares, compared to its average volume of 58,131. ARC Resources has a twelve month low of $14.58 and a twelve month high of $19.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The firm's 50 day moving average is $18.11 and its two-hundred day moving average is $17.65. The stock has a market cap of $11.20 billion, a PE ratio of 12.29 and a beta of 1.10.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last issued its earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.13. The firm had revenue of $682.78 million during the quarter, compared to analysts' expectations of $622.55 million. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. As a group, sell-side analysts predict that ARC Resources will post 1.26 EPS for the current year.

ARC Resources Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be paid a dividend of $0.1335 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from ARC Resources's previous dividend of $0.13. This represents a dividend yield of 3.05%. ARC Resources's dividend payout ratio (DPR) is currently 33.77%.

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.