ARC Resources Ltd. (OTCMKTS:AETUF) Short Interest Down 8.0% in January

ARC Resources Ltd. (OTCMKTS:AETUF) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 3,823,900 shares, a drop of 8.0% from the January 15th total of 4,156,800 shares. Based on an average daily trading volume, of 57,000 shares, the short-interest ratio is currently 67.1 days.

Analyst Upgrades and Downgrades

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

ARC Resources Stock Performance

AETUF stock opened at $18.75 on Tuesday. The company has a market cap of $11.07 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. The stock’s fifty day moving average price is $18.05 and its 200-day moving average price is $17.75. ARC Resources has a 1 year low of $14.89 and a 1 year high of $19.64.

ARC Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. ARC Resources had a return on equity of 14.61% and a net margin of 24.40%. On average, equities analysts forecast that ARC Resources will post 2.27 earnings per share for the current year.

ARC Resources Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a dividend of $0.1335 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from ARC Resources’s previous dividend of $0.13. This represents a yield of 3.05%. ARC Resources’s payout ratio is 38.69%.

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.