ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Update

ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,110,800 shares, a growth of 33.7% from the January 31st total of 3,823,900 shares. Based on an average daily volume of 38,900 shares, the days-to-cover ratio is currently 131.4 days.

ARC Resources Stock Down 1.0 %

Shares of OTCMKTS:AETUF traded down $0.17 during trading on Friday, hitting $17.43. 15,859 shares of the company were exchanged, compared to its average volume of 40,322. The firm's 50 day moving average price is $18.33 and its 200-day moving average price is $17.83. ARC Resources has a 12-month low of $14.89 and a 12-month high of $19.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. The stock has a market capitalization of $10.29 billion, a P/E ratio of 12.72, a PEG ratio of 0.89 and a beta of 1.00.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The energy company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 predict that ARC Resources will post 2.23 earnings per share for the current fiscal year.

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ARC Resources Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.1335 dividend. This represents a yield of 3.05%. The ex-dividend date was Tuesday, December 31st. This is a boost from ARC Resources's previous dividend of $0.13. ARC Resources's payout ratio is 37.96%.

Analysts Set New Price Targets

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

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.