Short Interest in ARC Resources Ltd. (OTCMKTS:AETUF) Rises By 14.7%

ARC Resources Ltd. (OTCMKTS:AETUF) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 8,742,300 shares, a growth of 14.7% from the July 31st total of 7,621,100 shares. Based on an average daily volume of 147,700 shares, the short-interest ratio is currently 59.2 days.

ARC Resources Stock Down 1.3 %

AETUF stock opened at $18.37 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88. ARC Resources has a 52-week low of $13.55 and a 52-week high of $19.28. The company has a 50-day moving average of $17.74 and a two-hundred day moving average of $17.89. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 12.41 and a beta of 1.16.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The company had revenue of $842.85 million during the quarter.

ARC Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.1238 per share. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 28th. ARC Resources’s dividend payout ratio is currently 33.78%.

Analysts Set New Price Targets

Separately, Cibc World Mkts upgraded shares of ARC Resources to a “strong-buy” rating in a report 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.