Short Interest in ARC Resources Ltd. (OTCMKTS:AETUF) Rises By 33.7%

ARC Resources Ltd. (OTCMKTS:AETUF) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,110,800 shares, a growth of 33.7% from the January 31st total of 3,823,900 shares. Based on an average daily volume of 38,900 shares, the short-interest ratio is currently 131.4 days.

ARC Resources Stock Down 0.7 %

AETUF stock opened at $17.60 on Thursday. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14. The business’s 50-day moving average is $18.34 and its two-hundred day moving average is $17.84. ARC Resources has a fifty-two week low of $14.89 and a fifty-two week high of $19.64.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, February 6th. The energy company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. ARC Resources had a net margin of 24.40% and a return on equity of 14.48%. As a group, analysts forecast that ARC Resources will post 2.23 earnings per share for the current year.

ARC Resources Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.1335 per share. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from ARC Resources’s previous dividend of $0.13. ARC Resources’s dividend payout ratio (DPR) is currently 37.96%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised ARC Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

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.