ARC Resources (OTCMKTS:AETUF) Stock Crosses Below 50-Day Moving Average – Here’s Why

ARC Resources Ltd. (OTCMKTS:AETUF)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $17.29 and traded as low as $16.58. ARC Resources shares last traded at $16.58, with a volume of 20,674 shares.

ARC Resources Stock Down 0.1 %

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 company’s fifty day moving average is $17.29 and its 200-day moving average is $17.76. The company has a market capitalization of $9.82 billion, a PE ratio of 11.59 and a beta of 1.12.

ARC Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The business had revenue of $842.85 million during the quarter. As a group, analysts predict that ARC Resources Ltd. will post 1.22 EPS for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.1251 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from ARC Resources’s previous dividend of $0.12. This represents a dividend yield of 2.96%. ARC Resources’s dividend payout ratio (DPR) is 34.97%.

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.