CIBC Raises ARC Resources (OTCMKTS:AETUF) Price Target to C$21.00

ARC Resources (OTCMKTS:AETUFGet Rating) had its target price upped by CIBC from C$20.00 to C$21.00 in a research report sent to investors on Thursday, The Fly reports.

Several other research analysts have also recently issued reports on the company. Stifel Nicolaus upped their price objective on ARC Resources from C$20.25 to C$25.25 in a research report on Thursday. National Bank Financial upped their price objective on ARC Resources from C$21.00 to C$24.00 in a research report on Thursday. Royal Bank of Canada upped their price objective on ARC Resources from C$17.00 to C$18.00 in a research report on Friday, February 11th. Finally, BMO Capital Markets upped their target price on ARC Resources from C$17.00 to C$18.00 in a research report on Friday, February 11th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $21.04.

AETUF opened at $14.19 on Thursday. The business has a fifty day moving average price of $12.53 and a 200 day moving average price of $10.66. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 14.61 and a beta of 1.38. ARC Resources has a 12 month low of $5.63 and a 12 month high of $14.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.48 and a quick ratio of 0.47.

ARC Resources (OTCMKTS:AETUFGet Rating) last released its quarterly earnings data on Thursday, February 10th. The energy company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $1.41 billion during the quarter. ARC Resources had a return on equity of 13.92% and a net margin of 15.22%.

The firm also recently declared a dividend, which will be paid on Monday, April 18th. Stockholders of record on Thursday, March 31st will be issued a $0.0781 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a dividend yield of 2.35%. ARC Resources’s dividend payout ratio is currently 27.59%.

ARC Resources Company Profile (Get Rating)

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

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