ARC Resources Ltd. (OTCMKTS:AETUF) Sees Large Increase in Short Interest

ARC Resources Ltd. (OTCMKTS:AETUF – Get Rating) saw a large increase in short interest in December. As of December 30th, there was short interest totalling 14,623,800 shares, an increase of 8.9% from the December 15th total of 13,424,300 shares. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is presently 742.3 days.

ARC Resources Stock Performance

Shares of OTCMKTS AETUF opened at $12.62 on Friday. The firm’s 50-day moving average price is $13.24 and its 200-day moving average price is $13.31. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.18. The company has a market cap of $7.85 billion, a PE ratio of 4.73 and a beta of 1.32. ARC Resources has a 52-week low of $9.48 and a 52-week high of $18.23.

ARC Resources (OTCMKTS:AETUF – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The energy company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $1.63 billion for the quarter. ARC Resources had a net margin of 26.97% and a return on equity of 37.60%.

ARC Resources Increases Dividend

The business also recently declared a dividend, which was paid on Monday, January 16th. Stockholders of record on Friday, December 30th were issued a dividend of $0.1109 per share. This represents a dividend yield of 3.48%. The ex-dividend date was Thursday, December 29th. This is an increase from ARC Resources’s previous dividend of $0.09. ARC Resources’s dividend payout ratio (DPR) is presently 16.85%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AETUF. National Bank Financial decreased their price target on shares of ARC Resources from C$23.00 to C$21.00 in a research note on Wednesday, January 11th. Desjardins increased their price objective on shares of ARC Resources from C$25.00 to C$26.00 in a research report on Tuesday, November 8th. TD Securities cut their price objective on shares of ARC Resources from C$28.00 to C$26.00 in a research report on Friday, November 4th. Stifel Nicolaus started coverage on shares of ARC Resources in a research report on Thursday, January 12th. They set a “buy” rating on the stock. Finally, Barclays started coverage on shares of ARC Resources in a research report on Wednesday. They set an “overweight” rating on the stock.

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.