Shares of ARC Resources Ltd. (OTCMKTS:AETUF – Get Rating) have received an average rating of "Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a buy rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.18.
AETUF has been the subject of several research reports. BMO Capital Markets upped their target price on ARC Resources from C$20.00 to C$22.00 in a research note on Friday, May 6th. CIBC upped their target price on ARC Resources from C$21.00 to C$28.00 in a research note on Wednesday, June 15th. National Bank Financial cut their target price on ARC Resources from C$27.00 to C$26.00 in a research note on Friday, July 29th. Finally, Stifel Nicolaus cut their target price on ARC Resources from C$24.75 to C$23.25 in a research note on Thursday, June 30th.
Get ARC Resources alerts:ARC Resources Stock Down 0.5 %
Shares of AETUF opened at $14.05 on Thursday. The firm has a market cap of $9.34 billion, a P/E ratio of 8.17 and a beta of 1.30. The stock has a 50 day simple moving average of $13.00 and a two-hundred day simple moving average of $13.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. ARC Resources has a 1 year low of $5.92 and a 1 year high of $18.23.
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 dividend of $0.0932 per share. This represents a dividend yield of 2.72%. The ex-dividend date was Wednesday, June 29th. This is a positive change from ARC Resources's previous dividend of $0.08. ARC Resources's dividend payout ratio is 22.09%.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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