ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Down 30.9% in December

ARC Resources Ltd. (OTCMKTS:AETUF) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,271,400 shares, a drop of 30.9% from the December 15th total of 6,181,100 shares. Based on an average daily trading volume, of 92,600 shares, the days-to-cover ratio is currently 46.1 days.

ARC Resources Stock Performance

AETUF opened at $18.18 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. ARC Resources has a 52-week low of $14.58 and a 52-week high of $19.64. The company has a market cap of $10.76 billion, a P/E ratio of 11.81 and a beta of 1.10. The firm’s 50-day moving average price is $18.11 and its 200-day moving average price is $17.65.

ARC Resources (OTCMKTS:AETUF) last issued 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. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. The business had revenue of $682.78 million during the quarter, compared to the consensus estimate of $622.55 million. As a group, equities analysts anticipate that ARC Resources will post 1.27 EPS for the current fiscal year.

ARC Resources Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a dividend of $0.1335 per share. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 3.05%. This is an increase from ARC Resources’s previous dividend of $0.13. ARC Resources’s dividend payout ratio (DPR) is currently 34.42%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded 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.