ARC Resources (OTCMKTS:AETUF) Reaches New 1-Year High – What’s Next?

ARC Resources Ltd. (OTCMKTS:AETUF) reached a new 52-week high during trading on Tuesday . The company traded as high as $20.40 and last traded at $20.40, with a volume of 33122 shares. The stock had previously closed at $20.08.

ARC Resources Price Performance

The firm has a fifty day moving average price of $18.49 and a two-hundred day moving average price of $17.98. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $12.03 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.89 and a beta of 1.00.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, February 6th. The energy company reported $0.45 earnings per share 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, analysts expect that ARC Resources Ltd. will post 2.23 EPS for the current year.

ARC Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.19 dividend. This is a boost from ARC Resources’s previous quarterly dividend of $0.05. This represents a $0.76 annualized dividend and a yield of 3.73%. ARC Resources’s dividend payout ratio is 37.96%.

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.