ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Update

ARC Resources Ltd. (OTCMKTS:AETUFGet Rating) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 11,151,500 shares, a decline of 23.6% from the June 30th total of 14,596,800 shares. Based on an average trading volume of 104,400 shares, the short-interest ratio is presently 106.8 days.

ARC Resources Stock Up 4.5 %

Shares of ARC Resources stock opened at $14.04 on Monday. ARC Resources has a one year low of $5.87 and a one year high of $18.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50-day moving average is $13.57 and its 200 day moving average is $12.94. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 20.35 and a beta of 1.30.

ARC Resources (OTCMKTS:AETUFGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The energy company reported ($0.08) earnings per share for the quarter. ARC Resources had a return on equity of 9.56% and a net margin of 8.11%. The firm had revenue of $1.58 billion for the quarter.

ARC Resources Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.0932 dividend. The ex-dividend date was Wednesday, June 29th. This is an increase from ARC Resources’s previous dividend of $0.08. This represents a dividend yield of 2.72%. ARC Resources’s dividend payout ratio is 55.07%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AETUF. Stifel Nicolaus lowered their price target on ARC Resources from C$24.75 to C$23.25 in a report on Thursday, June 30th. National Bank Financial lowered their price target on ARC Resources from C$27.00 to C$26.00 in a report on Friday. CIBC boosted their price objective on ARC Resources from C$21.00 to C$28.00 in a research report on Wednesday, June 15th. BMO Capital Markets boosted their price objective on ARC Resources from C$20.00 to C$22.00 in a research report on Friday, May 6th. Finally, Scotiabank boosted their price objective on ARC Resources from C$26.00 to C$27.00 in a research report on Monday, April 18th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $23.18.

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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