ARC Resources (OTCMKTS:AETUF) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

ARC Resources (OTCMKTS:AETUF) issued its quarterly earnings results on Wednesday. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.13, reports. ARC Resources had a return on equity of 15.68% and a net margin of 22.19%. The company had revenue of $682.78 million for the quarter, compared to the consensus estimate of $622.55 million.

ARC Resources Price Performance

Shares of AETUF traded down $0.16 during mid-day trading on Friday, hitting $17.83. 9,223 shares of the company were exchanged, compared to its average volume of 75,117. ARC Resources has a 1-year low of $14.05 and a 1-year high of $19.28. The company has a 50 day moving average of $17.14 and a 200-day moving average of $17.72. 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 stock has a market cap of $10.57 billion, a price-to-earnings ratio of 12.47 and a beta of 1.14.

ARC Resources Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.1251 dividend. This is a positive change from ARC Resources’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, September 27th. 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.