ARC Resources (OTCMKTS:AETUF) Announces Quarterly Earnings Results

ARC Resources (OTCMKTS:AETUF) issued its quarterly earnings data on Thursday. The energy company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03, Zacks reports. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%.

ARC Resources Stock Down 1.4 %

OTCMKTS:AETUF opened at $17.24 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. ARC Resources has a 12-month low of $14.58 and a 12-month high of $19.64. The firm has a market capitalization of $10.18 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.78 and a beta of 1.08. The stock’s fifty day simple moving average is $17.98 and its 200-day simple moving average is $17.67.

ARC Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.1335 dividend. This represents a yield of 3.05%. This is a positive change from ARC Resources’s previous dividend of $0.13. The ex-dividend date was Tuesday, December 31st. ARC Resources’s dividend payout ratio (DPR) is presently 34.42%.

Wall Street Analysts Forecast Growth

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

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.