ARC Resources (OTCMKTS:AETUF) Sets New 52-Week High – Still a Buy?

ARC Resources Ltd. (OTCMKTS:AETUF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.40 and last traded at $20.40, with a volume of 33122 shares trading hands. The stock had previously closed at $20.08.

ARC Resources Stock Performance

The firm has a fifty day moving average of $18.56 and a 200-day moving average of $18.02. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The firm has a market cap of $11.78 billion, a P/E ratio of 14.58, a PEG ratio of 0.89 and a beta of 1.00.

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

ARC Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.81%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.05. ARC Resources’s dividend payout ratio is presently 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.