ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Up 33.7% in February

ARC Resources Ltd. (OTCMKTS:AETUF) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,110,800 shares, a growth of 33.7% from the January 31st total of 3,823,900 shares. Based on an average daily volume of 38,900 shares, the days-to-cover ratio is presently 131.4 days.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of ARC Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

ARC Resources Price Performance

AETUF opened at $17.43 on Tuesday. The company has a fifty day moving average price of $18.34 and a two-hundred day moving average price of $17.85. The firm has a market capitalization of $10.29 billion, a PE ratio of 12.72, a P/E/G ratio of 0.89 and a beta of 1.08. ARC Resources has a 52 week low of $14.89 and a 52 week high of $19.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14.

ARC Resources (OTCMKTS:AETUF) last announced its quarterly earnings data 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 14.48% and a net margin of 24.40%. As a group, analysts anticipate that ARC Resources will post 2.23 earnings per share for the current year.

ARC Resources Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a dividend of $0.1335 per share. This is a positive change from ARC Resources’s previous dividend of $0.13. This represents a dividend yield of 3.05%. The ex-dividend date was Tuesday, December 31st. ARC Resources’s payout ratio is presently 37.96%.

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.