Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company.

AETUF has been the topic of a number of research reports. Raymond James Financial reiterated an “outperform” rating on shares of Arc Resources in a report on Monday, September 15th. Wall Street Zen lowered Arc Resources from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 18th. UBS Group downgraded Arc Resources from a “buy” rating to a “neutral” rating in a research report on Friday. Capital One Financial raised Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th.

Arc Resources Trading Down 1.3%

AETUF stock opened at $18.83 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The business has a 50 day simple moving average of $18.22 and a two-hundred day simple moving average of $19.32. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.77 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Arc Resources had a net margin of 25.94% and a return on equity of 16.90%. The company had revenue of $889.86 million for the quarter, compared to the consensus estimate of $1.05 billion. Research analysts anticipate that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.1376 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a yield of 306.0%. Arc Resources’s dividend payout ratio is presently 32.54%.

About Arc Resources

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.