Arc Resources (OTCMKTS:AETUF) Shares Gap Up – Should You Buy?

Arc Resources Ltd. (OTCMKTS:AETUF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $17.0040, but opened at $18.47. Arc Resources shares last traded at $17.0388, with a volume of 48,351 shares trading hands.

Analyst Ratings Changes

Several analysts recently weighed in on AETUF shares. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. TD Securities restated a “buy” rating on shares of Arc Resources in a report on Tuesday, September 30th. Wall Street Zen downgraded shares of Arc Resources from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 18th. Cantor Fitzgerald started coverage on shares of Arc Resources in a research note on Monday, October 27th. They set an “overweight” rating for the company. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Arc Resources in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Arc Resources Stock Up 2.7%

The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. The company has a market cap of $10.07 billion, a PE ratio of 9.60, a PEG ratio of 0.52 and a beta of 0.26. The company’s fifty day moving average is $18.33 and its 200-day moving average is $19.61.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.14). The firm had revenue of $889.86 million for the quarter, compared to the consensus estimate of $1.05 billion. Arc Resources had a net margin of 30.77% and a return on equity of 18.59%. On average, analysts predict that Arc Resources Ltd. will post 2.23 EPS for the current year.

Arc Resources Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.1376 per share. This represents a dividend yield of 306.0%. The ex-dividend date was Monday, September 29th. Arc Resources’s payout ratio is currently 32.54%.

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.