ARC Resources (OTCMKTS:AETUF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Posted by Kyle Jackson on Feb 4th, 2025

ARC Resources Ltd. (OTCMKTS:AETUF – Get Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.05 and traded as low as $16.30. ARC Resources shares last traded at $17.13, with a volume of 29,822 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised ARC Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

Check Out Our Latest Stock Analysis on ARC Resources

ARC Resources Stock Down 0.1 %

The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $18.05 and a 200-day simple moving average of $17.67. The company has a market cap of $10.12 billion, a PE ratio of 11.12, a P/E/G ratio of 0.78 and a beta of 1.10.

ARC Resources (OTCMKTS:AETUF – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.13. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. The company had revenue of $682.78 million during the quarter, compared to analysts’ expectations of $622.55 million. Equities research analysts anticipate that ARC Resources Ltd. will post 1.34 EPS for the current year.

ARC Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a $0.1335 dividend. This represents a yield of 3.05%. This is a boost from ARC Resources’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 31st. ARC Resources’s payout ratio is presently 33.77%.

ARC Resources Company Profile

(Get Free Report)

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.