ARC Resources Ltd. (OTCMKTS:AETUF – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 8,862,100 shares, a drop of 9.5% from the June 15th total of 9,795,500 shares. Based on an average daily volume of 27,500 shares, the days-to-cover ratio is currently 322.3 days.
ARC Resources Price Performance
Shares of AETUF stock opened at $17.36 on Wednesday. The stock has a 50 day moving average price of $18.18 and a 200 day moving average price of $17.37. ARC Resources has a 52-week low of $13.55 and a 52-week high of $19.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.77 and a current ratio of 0.79. The firm has a market capitalization of $10.37 billion, a P/E ratio of 11.73 and a beta of 1.16.
ARC Resources (OTCMKTS:AETUF – Get Free Report) last issued its earnings results on Thursday, May 9th. The energy company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The company had revenue of $969.37 million for the quarter, compared to analysts’ expectations of $796.21 million. ARC Resources had a net margin of 22.70% and a return on equity of 16.48%.
ARC Resources Cuts Dividend
Analyst Upgrades and Downgrades
Separately, Cibc World Mkts upgraded ARC Resources to a “strong-buy” rating in a research note on Friday, May 10th.
View Our Latest Report on AETUF
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.
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