ARC Resources (OTCMKTS:AETUF) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of ARC Resources (OTCMKTS:AETUF) from a buy rating to a strong-buy rating in a research note published on Saturday.

AETUF has been the subject of several other research reports. Royal Bank of Canada reiterated an “outperform” rating on shares of ARC Resources in a report on Friday, May 16th. Raymond James upgraded ARC Resources to a “moderate buy” rating in a report on Monday, April 7th. Desjardins reiterated a “buy” rating on shares of ARC Resources in a report on Monday, May 5th. Finally, National Bankshares reiterated an “outperform” rating on shares of ARC Resources in a report on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ARC Resources Stock Up 1.7%

Shares of OTCMKTS:AETUF opened at $22.80 on Friday. ARC Resources has a 52-week low of $14.89 and a 52-week high of $22.92. The stock has a market cap of $13.33 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45. The business’s 50 day moving average is $20.11 and its 200 day moving average is $18.94. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17.

ARC Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. Sell-side analysts predict that ARC Resources will post 2.23 EPS for the current year.

ARC Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.33%. ARC Resources’s dividend payout ratio (DPR) is 32.10%.

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.