ARC Resources (OTCMKTS:AETUF) Announces Earnings Results

ARC Resources (OTCMKTS:AETUF) announced its quarterly earnings data on Wednesday. The energy company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13, reports. The firm had revenue of $682.78 million for the quarter, compared to analyst estimates of $622.55 million. ARC Resources had a return on equity of 15.68% and a net margin of 22.19%.

ARC Resources Trading Down 0.9 %

OTCMKTS AETUF traded down $0.16 on Friday, reaching $17.83. The company had a trading volume of 9,223 shares, compared to its average volume of 75,117. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. ARC Resources has a 52 week low of $14.05 and a 52 week high of $19.28. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 12.47 and a beta of 1.14. The stock’s 50 day moving average is $17.14 and its 200-day moving average is $17.72.

ARC Resources Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.1251 dividend. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 2.96%. This is an increase from ARC Resources’s previous dividend of $0.12. ARC Resources’s dividend payout ratio is 34.97%.

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.