ARC Resources (OTCMKTS:AETUF) Issues Earnings Results

ARC Resources (OTCMKTS:AETUF) posted 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 net margin of 26.33% and a return on equity of 16.60%.

ARC Resources Trading Up 5.0 %

OTCMKTS AETUF opened at $18.11 on Friday. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. ARC Resources has a 12 month low of $14.89 and a 12 month high of $19.64. The company’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $17.67.

ARC Resources Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a $0.1335 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from ARC Resources’s previous dividend of $0.13. This represents a yield of 3.05%. ARC Resources’s dividend payout ratio is currently 37.96%.

Wall Street Analyst Weigh In

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

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.