ARC Resources (OTCMKTS:AETUF) Reaches New 12-Month High – Time to Buy?

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

ARC Resources Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. 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. The firm’s 50 day moving average price is $18.49 and its 200 day moving average price is $17.98.

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, topping the consensus estimate of $0.42 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. As a group, equities research analysts expect that ARC Resources Ltd. will post 2.23 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This is an increase from ARC Resources’s previous quarterly dividend of $0.05. This represents a $0.76 dividend on an annualized basis and a yield of 3.73%. ARC Resources’s payout ratio is presently 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.