ARC Resources (OTCMKTS:AETUF) Announces Earnings Results

ARC Resources (OTCMKTS:AETUF) issued its earnings results on Thursday. The energy company reported $0.45 earnings per share 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 Stock Performance

Shares of AETUF stock traded down $0.24 on Thursday, hitting $17.24. The company had a trading volume of 6,714 shares, compared to its average volume of 41,966. The firm has a market cap of $10.18 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a 50-day moving average price of $17.98 and a 200-day moving average price of $17.67. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. ARC Resources has a twelve month low of $14.58 and a twelve month high of $19.64.

ARC Resources Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.1335 dividend. This represents a dividend 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 34.42%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised 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.