ARC Resources Ltd. (OTCMKTS:AETUF) Announces Dividend of $0.13

ARC Resources Ltd. (OTCMKTS:AETUF) announced a dividend on Tuesday, December 24th,investing.com reports. Stockholders of record on Wednesday, January 1st will be given a dividend of 0.1335 per share by the energy company on Wednesday, January 15th. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from ARC Resources’s previous dividend of $0.13.

ARC Resources Stock Performance

Shares of ARC Resources stock opened at $17.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $10.38 billion, a P/E ratio of 11.38 and a beta of 1.12. The firm has a 50 day simple moving average of $17.62 and a 200 day simple moving average of $17.56. ARC Resources has a fifty-two week low of $14.58 and a fifty-two week high of $19.64.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. The business had revenue of $682.78 million during the quarter, compared to analyst estimates of $622.55 million. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. Sell-side analysts predict that ARC Resources will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised 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.