Arc Resources (OTCMKTS:AETUF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arc Resources (OTCMKTS:AETUF) from a buy rating to a strong-buy rating in a report released on Friday.

Other equities analysts have also recently issued reports about the stock. Desjardins reiterated a “buy” rating on shares of Arc Resources in a research note on Monday, May 5th. Raymond James Financial upgraded shares of Arc Resources to a “moderate buy” rating in a research note on Monday, April 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a research note on Friday, May 16th. Finally, National Bankshares reiterated an “outperform” rating on shares of Arc Resources in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Arc Resources has a consensus rating of “Buy”.

Arc Resources Price Performance

Shares of Arc Resources stock opened at $22.42 on Friday. The firm has a fifty day simple moving average of $20.48 and a 200-day simple moving average of $19.07. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. Arc Resources has a 1-year low of $14.89 and a 1-year high of $23.86. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.79 and a beta of 0.45.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Arc Resources had a net margin of 29.09% and a return on equity of 16.98%. On average, sell-side analysts expect that Arc Resources will post 2.23 earnings per share for the current year.

Arc Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.39%. Arc Resources’s dividend payout ratio is 32.72%.

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.