ARC Resources Ltd. (OTCMKTS:AETUF) Given Average Rating of “Buy” by Analysts

ARC Resources Ltd. (OTCMKTS:AETUF) has been given an average rating of “Buy” by the four research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

AETUF has been the topic of several research analyst reports. National Bankshares restated an “outperform” rating on shares of ARC Resources in a report on Friday, May 16th. Royal Bank of Canada reissued an “outperform” rating on shares of ARC Resources in a report on Friday, May 16th. Raymond James upgraded shares of ARC Resources to a “moderate buy” rating in a research report on Monday, April 7th. Wall Street Zen raised shares of ARC Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Desjardins restated a “buy” rating on shares of ARC Resources in a research report on Monday, May 5th.

ARC Resources Stock Up 1.7%

Shares of OTCMKTS AETUF opened at $22.80 on Friday. ARC Resources has a 52-week low of $14.89 and a 52-week high of $22.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14. The business has a fifty day moving average of $20.11 and a two-hundred day moving average of $18.94. The stock has a market cap of $13.33 billion, a PE ratio of 16.64, a PEG ratio of 0.89 and a beta of 0.45.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.36 billion. ARC Resources had a net margin of 24.40% and a return on equity of 14.48%. As a group, equities research analysts expect that ARC Resources will post 2.23 earnings per share for the current fiscal year.

ARC Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.33%. ARC Resources’s dividend payout ratio is currently 32.10%.

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.