ARC Resources Ltd. (OTCMKTS:AETUF – Get Free Report)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.40 and traded as low as $17.59. ARC Resources shares last traded at $17.68, with a volume of 14,907 shares changing hands.
Analysts Set New Price Targets
Separately, Cibc World Mkts upgraded ARC Resources to a “strong-buy” rating in a research note on Friday, May 10th.
Read Our Latest Research Report on AETUF
ARC Resources Price Performance
ARC Resources (OTCMKTS:AETUF – Get Free Report) last released its earnings results on Thursday, May 9th. The energy company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The company had revenue of $969.37 million during the quarter, compared to analysts’ expectations of $796.21 million. ARC Resources had a return on equity of 16.48% and a net margin of 22.70%. Research analysts predict that ARC Resources Ltd. will post 1.52 earnings per share for the current fiscal year.
ARC Resources Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.1256 dividend. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 2.86%. ARC Resources’s dividend payout ratio is presently 33.78%.
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.
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