ARC Resources (OTCMKTS:AETUF) Shares Cross Below Fifty Day Moving Average – Here’s Why

ARC Resources Ltd. (OTCMKTS:AETUF)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.34 and traded as low as $18.28. ARC Resources shares last traded at $18.40, with a volume of 359,100 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of ARC Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

ARC Resources Stock Up 0.0 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. The business’s 50 day simple moving average is $18.34 and its 200 day simple moving average is $17.86. The company has a market capitalization of $10.86 billion, a PE ratio of 13.43, a P/E/G ratio of 0.89 and a beta of 1.08.

ARC Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. ARC Resources had a net margin of 24.40% and a return on equity of 14.48%. As a group, analysts anticipate that ARC Resources Ltd. will post 2.23 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.1335 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from ARC Resources’s previous dividend of $0.13. This represents a yield of 3.05%. ARC Resources’s payout ratio is 37.96%.

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.