ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Update

ARC Resources Ltd. (OTCMKTS:AETUF) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 6,246,300 shares, a decrease of 10.8% from the November 15th total of 7,003,600 shares. Based on an average trading volume of 57,000 shares, the days-to-cover ratio is presently 109.6 days.

ARC Resources Trading Down 0.8 %

Shares of AETUF stock opened at $17.87 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a fifty day simple moving average of $17.68 and a two-hundred day simple moving average of $17.64. The firm has a market capitalization of $10.58 billion, a PE ratio of 11.60 and a beta of 1.12. ARC Resources has a 52-week low of $14.32 and a 52-week high of $19.64.

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

ARC Resources Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.1251 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 2.96%. This is a boost from ARC Resources’s previous dividend of $0.12. ARC Resources’s dividend payout ratio (DPR) is presently 32.47%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of ARC Resources from a “hold” rating to a “strong-buy” rating in a report 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.