ARC Resources Ltd. Declares Dividend of $0.12 (OTCMKTS:AETUF)

ARC Resources Ltd. (OTCMKTS:AETUF) declared a dividend on Friday, June 21st, investing.com reports. Investors of record on Monday, July 1st will be paid a dividend of 0.1238 per share by the energy company on Monday, July 15th. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, June 28th.

ARC Resources Trading Down 1.3 %

Shares of OTCMKTS:AETUF traded down $0.23 during midday trading on Thursday, reaching $17.86. The company’s stock had a trading volume of 1,162 shares, compared to its average volume of 18,941. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 12.22 and a beta of 1.11. The business has a 50 day moving average price of $18.32 and a 200 day moving average price of $17.04. ARC Resources has a 1 year low of $13.09 and a 1 year high of $19.16. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.15.

ARC Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.18). ARC Resources had a net margin of 22.70% and a return on equity of 16.48%. The business had revenue of $969.37 million during the quarter, compared to analysts’ expectations of $796.21 million. Research analysts forecast that ARC Resources will post 1.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts raised shares of ARC Resources to a “strong-buy” rating in a research note on Friday, May 10th.

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.