ARC Resources (OTCMKTS:AETUF) Hits New 1-Year High – Still a Buy?

ARC Resources Ltd. (OTCMKTS:AETUF)’s share price hit a new 52-week high on Monday . The stock traded as high as $21.86 and last traded at $21.53, with a volume of 6166 shares trading hands. The stock had previously closed at $21.63.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AETUF. Desjardins restated a “buy” rating on shares of ARC Resources in a research note on Monday, May 5th. Royal Bank of Canada reissued an “outperform” rating on shares of ARC Resources in a research report on Friday, May 16th. Raymond James upgraded ARC Resources to a “moderate buy” rating in a research note on Monday, April 7th. Finally, National Bankshares reiterated an “outperform” rating on shares of ARC Resources in a research note on Friday, May 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

ARC Resources Trading Down 0.5%

The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $19.66 and its two-hundred day moving average is $18.80. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45.

ARC Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. Equities analysts anticipate that ARC Resources Ltd. will post 2.23 EPS for the current year.

ARC Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.53%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.05. ARC Resources’s dividend payout ratio is currently 32.10%.

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.