ARC Resources (OTCMKTS:AETUF) Price Target Raised to C$22.00 at BMO Capital Markets

ARC Resources (OTCMKTS:AETUFGet Rating) had its price objective raised by BMO Capital Markets from C$20.00 to C$22.00 in a report issued on Friday morning, The Fly reports.

A number of other research analysts also recently commented on AETUF. Scotiabank boosted their target price on ARC Resources from C$26.00 to C$27.00 in a research note on Monday, April 18th. CIBC upped their price target on ARC Resources from C$20.00 to C$21.00 in a report on Thursday, April 14th. National Bank Financial increased their target price on ARC Resources from C$21.00 to C$24.00 in a report on Thursday, April 14th. Stifel Nicolaus increased their target price on ARC Resources from C$20.25 to C$25.25 in a report on Thursday, April 14th. Finally, Royal Bank of Canada raised their price target on ARC Resources from C$17.00 to C$18.00 in a report on Friday, February 11th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ARC Resources presently has a consensus rating of Buy and a consensus target price of $22.18.

AETUF stock traded down $0.69 during trading on Friday, reaching $13.98. 178,055 shares of the company’s stock were exchanged, compared to its average volume of 74,071. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.29. ARC Resources has a 1-year low of $5.87 and a 1-year high of $15.30. The company’s fifty day moving average price is $13.32 and its 200-day moving average price is $11.16. The firm has a market cap of $9.53 billion, a PE ratio of 15.51 and a beta of 1.26.

ARC Resources (OTCMKTS:AETUFGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The energy company reported $0.85 EPS for the quarter. The company had revenue of $1.41 billion for 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 was paid on Monday, April 18th. Stockholders of record on Thursday, March 31st were given a $0.0781 dividend. The ex-dividend date was Wednesday, March 30th. This represents a dividend yield of 2.35%. ARC Resources’s payout ratio is 46.38%.

About ARC Resources (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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