ARC Resources (OTCMKTS:AETUF) Hits New 1-Year High – What’s Next?

Shares of ARC Resources Ltd. (OTCMKTS:AETUF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.01 and last traded at $19.76, with a volume of 618258 shares traded. The stock had previously closed at $19.51.

ARC Resources Price Performance

The company has a market cap of $11.66 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.89 and a beta of 1.00. The company’s 50-day moving average price is $18.32 and its 200-day moving average price is $17.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. As a group, sell-side analysts predict that ARC Resources Ltd. will post 2.23 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This is a boost from ARC Resources’s previous quarterly dividend of $0.05. This represents a $0.76 annualized dividend and a yield of 3.85%. ARC Resources’s payout ratio is 37.96%.

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.