Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received an average recommendation of “Buy” from the five ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating on shares of Arc Resources in a research note on Monday, September 15th. Wall Street Zen cut shares of Arc Resources from a “strong-buy” rating to a “buy” rating in a report on Monday, August 18th.

Arc Resources Trading Down 0.1%

Shares of AETUF stock opened at $17.97 on Monday. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.50 and a beta of 0.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. The firm has a fifty day moving average price of $19.21 and a 200-day moving average price of $19.73. Arc Resources has a 1 year low of $15.05 and a 1 year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.36 by $0.13. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. The business had revenue of $801.14 million during the quarter, compared to the consensus estimate of $1.37 billion. As a group, equities analysts predict that Arc Resources will post 2.23 earnings per share for the current year.

Arc Resources Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.1376 dividend. This represents a yield of 306.0%. The ex-dividend date is Monday, September 29th. Arc Resources’s payout ratio is presently 30.77%.

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.