ARC Resources (OTCMKTS:AETUF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

ARC Resources Ltd. (OTCMKTS:AETUF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $18.55 and traded as low as $16.60. ARC Resources shares last traded at $16.73, with a volume of 26,246 shares trading hands.

ARC Resources Stock Down 5.0 %

The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.89 and a beta of 0.70. The business’s 50 day moving average is $18.55 and its 200-day moving average is $18.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14.

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

ARC Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.54%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.05. ARC Resources’s dividend payout ratio (DPR) is presently 37.96%.

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.