ARC Resources (OTCMKTS:AETUF) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

ARC Resources (OTCMKTS:AETUF) issued its quarterly earnings data on Wednesday. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.13, reports. ARC Resources had a net margin of 22.19% and a return on equity of 15.68%. The company had revenue of $682.78 million during the quarter, compared to the consensus estimate of $622.55 million.

ARC Resources Stock Down 0.9 %

Shares of ARC Resources stock traded down $0.16 during trading on Friday, reaching $17.83. The stock had a trading volume of 9,223 shares, compared to its average volume of 75,117. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 12.47 and a beta of 1.14. The stock has a fifty day moving average price of $17.14 and a two-hundred day moving average price of $17.72. ARC Resources has a 52 week low of $14.05 and a 52 week high of $19.28.

ARC Resources Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.1251 dividend. This is an increase from ARC Resources’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 2.96%. ARC Resources’s dividend payout ratio (DPR) is currently 34.97%.

About ARC Resources

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.