ARC Resources Ltd. (OTCMKTS:AETUF) Sees Large Decline in Short Interest

ARC Resources Ltd. (OTCMKTS:AETUFGet Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 7,559,800 shares, a decrease of 8.8% from the September 15th total of 8,293,700 shares. Based on an average daily trading volume, of 24,600 shares, the short-interest ratio is presently 307.3 days.

ARC Resources Stock Up 0.6 %

Shares of ARC Resources stock opened at $18.12 on Tuesday. The business’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $17.91. ARC Resources has a 52-week low of $14.05 and a 52-week high of $19.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $10.83 billion, a PE ratio of 12.24 and a beta of 1.12.

ARC Resources (OTCMKTS:AETUFGet Free Report) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $0.29 earnings per share for the quarter. The company had revenue of $842.85 million for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. On average, analysts predict that ARC Resources will post 1.27 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.1251 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 2.96%. This is an increase from ARC Resources’s previous dividend of $0.12. ARC Resources’s dividend payout ratio is currently 33.78%.

ARC Resources Company Profile

(Get Free Report)

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.

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