Shares of Arc Resources Ltd. (OTCMKTS:AETUF – Get Free Report) have been assigned an average rating of “Buy” from the four brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.
A number of equities research analysts have weighed in on AETUF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a report on Friday, May 16th. National Bankshares restated an “outperform” rating on shares of Arc Resources in a report on Friday, May 16th. Desjardins restated a “buy” rating on shares of Arc Resources in a report on Monday, May 5th. Raymond James Financial upgraded Arc Resources to a “moderate buy” rating in a report on Monday, April 7th. Finally, Wall Street Zen upgraded Arc Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 14th.
Get Our Latest Stock Analysis on AETUF
Arc Resources Price Performance
Arc Resources (OTCMKTS:AETUF – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. As a group, research analysts expect that Arc Resources will post 2.23 EPS for the current year.
Arc Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.38%. Arc Resources’s payout ratio is 32.72%.
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.
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