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

ARC Resources Ltd. (OTCMKTS:AETUF) saw a significant decrease in short interest in the month of 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 daily volume of 57,000 shares, the short-interest ratio is presently 109.6 days.

Wall Street Analyst Weigh In

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 Trading Down 0.8 %

Shares of OTCMKTS:AETUF opened at $17.87 on Friday. The stock’s 50-day simple moving average is $17.68 and its two-hundred day simple moving average is $17.64. The stock has a market capitalization of $10.58 billion, a price-to-earnings 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. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93.

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

ARC Resources Increases Dividend

The firm 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. This is an increase from ARC Resources’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 2.96%. ARC Resources’s payout ratio is presently 32.47%.

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.