ARC Resources (OTCMKTS:AETUF) Shares Pass Below Fifty Day Moving Average of $17.61

ARC Resources Ltd. (OTCMKTS:AETUF) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.61 and traded as low as $15.79. ARC Resources shares last traded at $16.28, with a volume of 27,548 shares trading hands.

ARC Resources Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day moving average is $17.61 and its 200 day moving average is $17.91. The firm has a market cap of $9.72 billion, a P/E ratio of 11.00 and a beta of 1.13.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.29 EPS for the quarter. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The business had revenue of $842.85 million during the quarter.

ARC Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a $0.1238 dividend. This represents a dividend yield of 2.8%. The ex-dividend date was Friday, June 28th. ARC Resources’s dividend payout ratio is currently 33.11%.

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.