ARC Resources (OTCMKTS:AETUF) Shares Cross Below 50-Day Moving Average of $17.38

ARC Resources Ltd. (OTCMKTS:AETUF)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.38 and traded as low as $16.69. ARC Resources shares last traded at $17.50, with a volume of 13,614 shares.

ARC Resources Stock Up 3.7 %

The company’s fifty day moving average is $17.38 and its 200-day moving average is $17.87. The company has a market capitalization of $10.46 billion, a PE ratio of 11.82 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.88 and a current ratio of 0.88.

ARC Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, August 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter. ARC Resources had a return on equity of 15.68% and a net margin of 22.19%. The firm had revenue of $842.85 million during the quarter.

ARC Resources Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.1251 per share. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 2.96%. This is a boost from ARC Resources’s previous dividend of $0.12. ARC Resources’s dividend payout ratio (DPR) is currently 33.78%.

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.