ARC Resources (OTCMKTS:AETUF) Sets New 12-Month High – Still a Buy?

ARC Resources Ltd. (OTCMKTS:AETUF)’s share price reached a new 52-week high on Monday . The company traded as high as $20.01 and last traded at $19.76, with a volume of 618258 shares. The stock had previously closed at $19.51.

ARC Resources Price Performance

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 firm’s 50-day moving average price is $18.36 and its 200-day moving average price is $17.88. The stock has a market capitalization of $11.66 billion, a PE ratio of 14.43, a PEG ratio of 0.89 and a beta of 1.00.

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

ARC Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.84%. This is a positive change from ARC Resources’s previous quarterly dividend of $0.05. ARC Resources’s dividend payout ratio (DPR) is 37.96%.

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.