ARC Resources (OTCMKTS:AETUF) Announces Quarterly Earnings Results

ARC Resources (OTCMKTS:AETUF) announced its quarterly earnings data on Thursday. The energy company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03, Zacks reports. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%.

ARC Resources Price Performance

OTCMKTS:AETUF opened at $17.24 on Friday. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. ARC Resources has a 12-month low of $14.58 and a 12-month high of $19.64. The company’s 50-day moving average is $17.98 and its two-hundred day moving average is $17.67.

ARC Resources Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.1335 per share. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from ARC Resources’s previous dividend of $0.13. ARC Resources’s payout ratio is 34.42%.

Wall Street Analyst Weigh In

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

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.