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

ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) experienced a notable decline in short interest during November. By November 30th, the total short interest was 6,246,300 shares, reflecting a decrease of 10.8% from the 7,003,600 shares recorded on November 15th. With an average daily trading volume of 57,000 shares, the current short-interest ratio stands at 109.6 days.

Analyst Ratings Update

In other news, Canaccord Genuity Group recently upgraded ARC Resources from a “hold” rating to a “strong-buy” rating as mentioned in their report on November 7th.

ARC Resources Stock Performance

On Friday, shares of OTCMKTS:AETUF opened at $17.87. The 50-day simple moving average for the stock is $17.68, while the two-hundred day simple moving average is $17.64. The company's market capitalization is $10.58 billion, and it has a price-to-earnings ratio of 11.60 along with a beta of 1.12. ARC Resources' stock has touched a 52-week low of $14.32 and a high of $19.64. The company’s debt-to-equity ratio is 0.19, a quick ratio is 0.92, and its current ratio stands at 0.93.

Earnings Report Highlight

ARC Resources announced its earnings results on November 6th. The energy firm reported earnings per share (EPS) of $0.40 for the quarter, exceeding the consensus estimate of $0.27 by $0.13. The company's net margin was recorded at 26.33%, with a return on equity of 16.60%. Revenue for the quarter reached $682.78 million, outperforming analyst expectations of $622.55 million. Analysts predict that ARC Resources will deliver an EPS of 1.26 for the current year.

Dividend Increase Announcement

The company has also announced a recent dividend. This dividend was paid on October 15th, with stockholders of record on September 30th receiving $0.1251 per share, a rise from the previous dividend of $0.12. The ex-dividend date was on September 27th, and this dividend signifies a yield of 2.96%. The payout ratio for ARC Resources is currently set at 32.47%.

Company Overview

ARC Resources Ltd. is involved in the acquisition and development of crude oil, natural gas, condensate, and natural gas liquids in Canada. The principal area of operation for the company is the Montney basin, located in Alberta and northeast British Columbia. Founded in 1996, ARC Resources is headquartered in Calgary, Canada.

Future Considerations

Investors considering ARC Resources may want to evaluate their options carefully. Despite holding a “Strong Buy” rating among analysts, there are other stocks that might offer better potential returns.

ARC, Resources, Stocks, Investment