ARC Resources Ltd. (OTCMKTS:AETUF) to Issue Dividend of $0.09

ARC Resources Ltd. (OTCMKTS:AETUFGet Rating) declared a dividend on Thursday, September 22nd, investing.com reports. Investors of record on Friday, September 30th will be paid a dividend of 0.0904 per share by the energy company on Monday, October 17th. This represents a yield of 2.69%. The ex-dividend date is Thursday, September 29th.

ARC Resources Stock Down 2.9 %

Shares of ARC Resources stock opened at $13.43 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $8.80 billion, a PE ratio of 8.04 and a beta of 1.28. ARC Resources has a 52-week low of $7.88 and a 52-week high of $18.23. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $13.58.

ARC Resources (OTCMKTS:AETUFGet Rating) last issued its earnings results on Thursday, July 28th. The energy company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $1.85 billion during the quarter. ARC Resources had a net margin of 18.43% and a return on equity of 24.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AETUF. Royal Bank of Canada lifted their price target on shares of ARC Resources from C$26.00 to C$27.00 in a research note on Wednesday. Stifel Nicolaus reduced their price target on shares of ARC Resources from C$24.75 to C$23.25 in a research note on Thursday, June 30th. National Bank Financial reduced their price target on shares of ARC Resources from C$27.00 to C$26.00 in a research note on Friday, July 29th. CIBC lifted their price target on shares of ARC Resources from C$21.00 to C$28.00 in a research note on Wednesday, June 15th. Finally, Scotiabank lifted their price target on shares of ARC Resources from C$27.00 to C$29.00 in a research note on Monday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.75.

About ARC Resources

(Get Rating)

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

See Also

Dividend History for ARC Resources (OTCMKTS:AETUF)

Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.