ARC Resources Ltd. (OTCMKTS:AETUF) Announces Dividend of $0.09

ARC Resources Ltd. (OTCMKTS:AETUFGet Rating) declared a dividend on Thursday, September 22nd, investing.com reports. Shareholders of record on Friday, September 30th will be paid a dividend of 0.0904 per share by the energy company on Monday, October 17th. This represents a yield of 2.69%. The ex-dividend date is Thursday, September 29th.

ARC Resources Trading Down 3.9 %

Shares of OTCMKTS:AETUF opened at $12.90 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.45 billion, a PE ratio of 7.50 and a beta of 1.28. The business has a 50 day moving average of $13.58 and a 200-day moving average of $13.58. ARC Resources has a 12-month low of $7.88 and a 12-month high of $18.23.

ARC Resources (OTCMKTS:AETUFGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The energy company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $1.85 billion during the quarter. ARC Resources had a return on equity of 24.69% and a net margin of 18.43%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AETUF. Stifel Nicolaus cut their target price on ARC Resources from C$24.75 to C$23.25 in a research note on Thursday, June 30th. National Bank Financial cut their target price on ARC Resources from C$27.00 to C$26.00 in a research note on Friday, July 29th. CIBC upped their target price on ARC Resources from C$21.00 to C$28.00 in a research note on Wednesday, June 15th. Royal Bank of Canada upped their target price on ARC Resources from C$26.00 to C$27.00 in a research note on Wednesday. Finally, Scotiabank upped their price target on shares of ARC Resources from C$27.00 to C$29.00 in a report on Monday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $24.75.

About ARC Resources

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ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

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Dividend History for ARC Resources (OTCMKTS:AETUF)

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