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

ARC Resources Ltd. (OTCMKTS:AETUF) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,823,900 shares, a decline of 8.0% from the January 15th total of 4,156,800 shares. Based on an average trading volume of 57,000 shares, the short-interest ratio is currently 67.1 days.

ARC Resources Stock Performance

Shares of OTCMKTS AETUF opened at $18.94 on Wednesday. The firm’s fifty day moving average is $18.08 and its two-hundred day moving average is $17.76. ARC Resources has a 52-week low of $14.89 and a 52-week high of $19.64. The company has a market cap of $11.18 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93.

ARC Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. ARC Resources had a return on equity of 14.61% and a net margin of 24.40%. As a group, analysts anticipate that ARC Resources will post 2.27 EPS for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued 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 (DPR) is 38.69%.

Analysts Set New Price Targets

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