ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Down 10.8% in November

ARC Resources Ltd. (OTCMKTS:AETUF) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 6,246,300 shares, a drop of 10.8% from the November 15th total of 7,003,600 shares. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is presently 109.6 days.

Wall Street Analysts Forecast Growth

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

ARC Resources Stock Performance

ARC Resources stock opened at $17.61 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $10.43 billion, a PE ratio of 11.44 and a beta of 1.12. The company has a 50 day moving average price of $17.66 and a 200-day moving average price of $17.63. ARC Resources has a fifty-two week low of $14.32 and a fifty-two week high of $19.64.

ARC Resources (OTCMKTS:AETUF) last issued its earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%. The business had revenue of $682.78 million during the quarter, compared to analyst estimates of $622.55 million. As a group, equities analysts forecast that ARC Resources will post 1.26 earnings per share for the current year.

ARC Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.1251 per share. This represents a yield of 2.96%. This is a boost from ARC Resources’s previous dividend of $0.12. The ex-dividend date was Friday, September 27th. ARC Resources’s dividend payout ratio is presently 32.47%.

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.