ARC Resources (OTCMKTS:AETUF) Posts Earnings Results

ARC Resources (OTCMKTS:AETUF) announced its earnings results on Thursday. The energy company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03, Zacks reports. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%.

ARC Resources Price Performance

Shares of AETUF stock traded down $0.24 during trading hours on Thursday, reaching $17.24. The company had a trading volume of 6,714 shares, compared to its average volume of 41,966. 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 stock has a fifty day moving average of $17.98 and a 200-day moving average of $17.67. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.78 and a beta of 1.08. ARC Resources has a 12-month low of $14.58 and a 12-month high of $19.64.

ARC Resources Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a $0.1335 dividend. The ex-dividend date of this dividend was 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 is 34.42%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised ARC Resources from a “hold” rating to a “strong-buy” rating in a 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.