ARC Resources (OTCMKTS:AETUF) Sets New 1-Year High – Here’s Why

ARC Resources Ltd. (OTCMKTS:AETUF) reached a new 52-week high during trading on Tuesday . The company traded as high as $20.40 and last traded at $20.40, with a volume of 33122 shares trading hands. The stock had previously closed at $20.08.

ARC Resources Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. The stock has a market cap of $11.78 billion, a P/E ratio of 14.58, a PEG ratio of 0.89 and a beta of 1.00. The company has a fifty day moving average of $18.56 and a 200 day moving average of $18.02.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. ARC Resources had a net margin of 24.40% and a return on equity of 14.48%. On average, equities analysts predict that ARC Resources Ltd. will post 2.23 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.81%. This is a boost from ARC Resources’s previous quarterly dividend of $0.05. ARC Resources’s dividend payout ratio is currently 37.96%.

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.