ARC Resources Ltd. (OTCMKTS:AETUF) Raises Dividend to $0.13 Per Share

ARC Resources Ltd. (OTCMKTS:AETUF) announced a dividend on Tuesday, December 24th,investing.com reports. Shareholders 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 is Tuesday, December 31st. This is a positive change from ARC Resources’s previous dividend of $0.13.

ARC Resources Stock Up 1.2 %

Shares of AETUF stock opened at $17.74 on Wednesday. ARC Resources has a 12 month low of $14.58 and a 12 month high of $19.64. The stock has a market cap of $10.50 billion, a P/E ratio of 11.52 and a beta of 1.13. 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 company has a 50 day simple moving average of $17.56 and a two-hundred day simple moving average of $17.58.

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

Analysts Set New Price Targets

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.

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.