Short Interest in ARC Resources Ltd. (OTCMKTS:AETUF) Decreases By 10.8%

ARC Resources Ltd. (OTCMKTS:AETUF) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 6,246,300 shares, a drop of 10.8% from the November 15th total of 7,003,600 shares. Based on an average trading volume of 57,000 shares, the short-interest ratio is currently 109.6 days.

ARC Resources Stock Performance

Shares of ARC Resources stock opened at $17.87 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market cap of $10.58 billion, a PE ratio of 11.60 and a beta of 1.12. The company has a 50 day moving average of $17.68 and a 200-day moving average of $17.63. ARC Resources has a 1-year low of $14.32 and a 1-year high of $19.64.

ARC Resources (OTCMKTS:AETUF) last released its earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.13. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%. The firm had revenue of $682.78 million during the quarter, compared to analysts’ expectations of $622.55 million. As a group, equities research analysts forecast that ARC Resources will post 1.26 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.1251 dividend. This represents a yield of 2.96%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from ARC Resources’s previous dividend of $0.12. ARC Resources’s payout ratio is currently 32.47%.

Wall Street Analyst Weigh In

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 Company Profile

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.