ARC Resources (OTCMKTS:AETUF) Shares Cross Below Fifty Day Moving Average – Here’s Why

ARC Resources Ltd. (OTCMKTS:AETUF)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.34 and traded as low as $18.28. ARC Resources shares last traded at $18.40, with a volume of 359,100 shares.

Analyst Ratings Changes

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

ARC Resources Trading Up 0.0 %

The company has a market cap of $10.86 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $18.34 and its 200 day moving average is $17.86.

ARC Resources (OTCMKTS:AETUF) last released 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%. Research analysts predict that ARC Resources Ltd. will post 2.23 EPS for the current year.

ARC Resources Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a dividend of $0.1335 per share. This represents a yield of 3.05%. The ex-dividend date was Tuesday, December 31st. This is a positive change from ARC Resources’s previous dividend of $0.13. ARC Resources’s dividend payout ratio (DPR) is currently 37.96%.

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.