ARC Resources (OTCMKTS:AETUF) Upgraded to Moderate Buy at Raymond James

Raymond James upgraded shares of ARC Resources (OTCMKTS:AETUF) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

ARC Resources Trading Down 5.0 %

AETUF opened at $16.73 on Monday. 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 has a 52 week low of $14.89 and a 52 week high of $20.86. The business’s 50 day moving average is $18.55 and its two-hundred day moving average is $18.05. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70.

ARC Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts predict that ARC Resources will post 2.23 EPS for the current year.

ARC Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend 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 currently 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.