ARC Resources Ltd. (OTCMKTS:AETUF) Declares Dividend of $0.13

ARC Resources Ltd. (OTCMKTS:AETUF) declared a dividend on Tuesday, December 24th,investing.com reports. Investors of record on Wednesday, January 1st will be paid a dividend of 0.1335 per share by the energy company on Wednesday, January 15th. This represents a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from ARC Resources’s previous dividend of $0.13.

ARC Resources Stock Up 3.5 %

ARC Resources stock opened at $17.53 on Tuesday. The company’s 50-day moving average price is $17.57 and its two-hundred day moving average price is $17.58. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 11.38 and a beta of 1.12. ARC Resources has a 52 week low of $14.58 and a 52 week high of $19.64.

ARC Resources (OTCMKTS:AETUF) last announced its earnings results on Wednesday, November 6th. The energy company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.27 by $0.13. The firm had revenue of $682.78 million for the quarter, compared to analysts’ expectations of $622.55 million. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%. On average, analysts expect that ARC Resources will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.