Arc Resources Ltd. (AETUF) to Issue Quarterly Dividend of $0.19 on July 15th

Arc Resources Ltd. (OTCMKTS:AETUF) declared a quarterly dividend on Monday, June 16th, RTT News reports. Investors of record on Monday, June 30th will be given a dividend of 0.19 per share by the energy company on Tuesday, July 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.32%.

Arc Resources Stock Up 0.5%

Shares of OTCMKTS:AETUF opened at $22.91 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. The firm has a market cap of $13.39 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.80 and a beta of 0.45. Arc Resources has a 12 month low of $14.89 and a 12 month high of $23.86. The company’s 50-day moving average price is $20.20 and its two-hundred day moving average price is $18.97.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Arc Resources had a net margin of 29.09% and a return on equity of 16.98%. As a group, research analysts forecast that Arc Resources will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on AETUF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a report on Friday, May 16th. Raymond James Financial upgraded Arc Resources to a “moderate buy” rating in a research report on Monday, April 7th. Desjardins reiterated a “buy” rating on shares of Arc Resources in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Arc Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Arc Resources in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Arc Resources presently has a consensus rating of “Buy”.

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.