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

ARC Resources Ltd. (OTCMKTS:AETUF) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 5,110,800 shares, a growth of 33.7% from the January 31st total of 3,823,900 shares. Based on an average daily volume of 38,900 shares, the short-interest ratio is currently 131.4 days.

ARC Resources Trading Down 0.7 %

OTCMKTS AETUF opened at $17.60 on Thursday. ARC Resources has a 12 month low of $14.89 and a 12 month high of $19.64. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $18.34 and its 200-day moving average price is $17.84. The stock has a market cap of $10.39 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.89 and a beta of 1.00.

ARC Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. ARC Resources had a net margin of 24.40% and a return on equity of 14.48%. As a group, equities analysts forecast that ARC Resources will post 2.23 EPS for the current fiscal year.

ARC Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.1335 dividend. This is a positive change from ARC Resources’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 3.05%. ARC Resources’s dividend payout ratio (DPR) is presently 37.96%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised ARC Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

ARC Resources Company Profile

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.