Short Interest in Arc Resources Ltd. (OTCMKTS:AETUF) Increases By 68.8%

Arc Resources Ltd. (OTCMKTS:AETUF) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 9,606,400 shares, an increase of 68.8% from the September 15th total of 5,689,600 shares. Based on an average daily volume of 301,700 shares, the days-to-cover ratio is presently 31.8 days. Based on an average daily volume of 301,700 shares, the days-to-cover ratio is presently 31.8 days.

Arc Resources Stock Up 1.7%

Shares of Arc Resources stock opened at $18.34 on Thursday. The firm has a market cap of $10.66 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.59 and a beta of 0.24. The business has a 50-day moving average price of $18.59 and a 200 day moving average price of $19.61. Arc Resources has a fifty-two week low of $15.05 and a fifty-two week high of $23.86. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.19.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. The business had revenue of $801.14 million for the quarter, compared to analysts’ expectations of $1.37 billion. Arc Resources had a return on equity of 18.59% and a net margin of 30.77%. On average, sell-side analysts forecast that Arc Resources will post 2.23 earnings per share for the current fiscal year.

Arc Resources Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.1376 dividend. This represents a yield of 306.0%. The ex-dividend date was Monday, September 29th. Arc Resources’s dividend payout ratio (DPR) is presently 30.22%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AETUF. Raymond James Financial reaffirmed an “outperform” rating on shares of Arc Resources in a research note on Monday, September 15th. TD Securities reaffirmed a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. Finally, Wall Street Zen lowered shares of Arc Resources from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, Arc Resources currently has a consensus rating of “Buy”.

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.