Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been given an average rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

AETUF has been the subject of several research analyst reports. TD Securities reissued a “buy” rating on shares of Arc Resources in a research report on Tuesday, September 30th. Wall Street Zen lowered shares of Arc Resources from a “strong-buy” rating to a “buy” rating in a report on Monday, August 18th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Arc Resources in a report on Monday, September 15th.

Arc Resources Price Performance

AETUF opened at $18.28 on Friday. The company has a 50-day moving average of $18.56 and a 200-day moving average of $19.61. The company has a market capitalization of $10.63 billion, a P/E ratio of 10.04, a PEG ratio of 0.53 and a beta of 0.24. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.21.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, July 31st. The energy company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.13. The company had revenue of $801.14 million during the quarter, compared to the consensus estimate of $1.37 billion. Arc Resources had a net margin of 30.77% and a return on equity of 18.59%. Equities analysts expect that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.1376 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a dividend yield of 306.0%. Arc Resources’s payout ratio is 30.22%.

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.