ARC Resources (OTCMKTS:AETUF) Shares Pass Below Fifty Day Moving Average of $17.61

ARC Resources Ltd. (OTCMKTS:AETUF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.61 and traded as low as $15.79. ARC Resources shares last traded at $16.28, with a volume of 27,548 shares.

ARC Resources Stock Performance

The stock’s 50 day moving average price is $17.61 and its 200 day moving average price is $17.91. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 11.00 and a beta of 1.13.

ARC Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $0.29 EPS for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The company had revenue of $842.85 million during the quarter.

ARC Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.1238 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 2.8%. ARC Resources’s payout ratio is 33.11%.

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.