ARC Resources (OTCMKTS:AETUF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

ARC Resources Ltd. (OTCMKTS:AETUF)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.34 and traded as low as $18.28. ARC Resources shares last traded at $18.40, with a volume of 359,100 shares changing hands.

Wall Street Analyst Weigh In

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

ARC Resources Price Performance

The company’s 50 day simple moving average is $18.34 and its 200 day simple moving average is $17.87. 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 cap of $10.86 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.89 and a beta of 1.08.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. As a group, equities analysts forecast that ARC Resources Ltd. will post 2.23 earnings per share for the current year.

ARC Resources Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.1335 dividend. The ex-dividend date 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 payout ratio is currently 37.96%.

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.