ARC Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Rating of “Buy” from Analysts

Shares of ARC Resources Ltd. (OTCMKTS:AETUFGet Rating) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.18.

AETUF has been the topic of several research analyst reports. National Bank Financial boosted their price objective on shares of ARC Resources from C$21.00 to C$24.00 in a report on Thursday, April 14th. Scotiabank boosted their price objective on shares of ARC Resources from C$26.00 to C$27.00 in a report on Monday, April 18th. CIBC boosted their price objective on shares of ARC Resources from C$20.00 to C$21.00 in a report on Thursday, April 14th. BMO Capital Markets boosted their price objective on shares of ARC Resources from C$20.00 to C$22.00 in a report on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of ARC Resources from C$20.25 to C$25.25 in a report on Thursday, April 14th.

Shares of AETUF stock traded down $1.71 on Tuesday, hitting $12.27. 90,602 shares of the stock traded hands, compared to its average volume of 92,218. The firm’s 50-day moving average price is $13.32 and its two-hundred day moving average price is $11.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.47 and a current ratio of 0.48. The stock has a market capitalization of $8.36 billion, a PE ratio of 17.78 and a beta of 1.26. ARC Resources has a twelve month low of $5.87 and a twelve month high of $15.30.

ARC Resources (OTCMKTS:AETUFGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The energy company reported $0.85 earnings per share for the quarter. The firm had revenue of $1.41 billion for the quarter. ARC Resources had a net margin of 8.11% and a return on equity of 9.48%.

The firm also recently declared a dividend, which was paid on Monday, April 18th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.0781 per share. The ex-dividend date was Wednesday, March 30th. This represents a yield of 2.35%. ARC Resources’s dividend payout ratio (DPR) is presently 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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Analyst Recommendations for ARC Resources (OTCMKTS:AETUF)

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