ARC Resources Ltd. (OTCMKTS:AETUF) Sees Large Growth in Short Interest

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

ARC Resources Stock Performance

AETUF opened at $17.72 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. The business has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $17.84. ARC Resources has a 1 year low of $14.89 and a 1 year high of $19.64. The company has a market capitalization of $10.46 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.08.

ARC Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, February 6th. The energy company reported $0.45 earnings per share for the quarter, topping 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%. Research analysts expect that ARC Resources will post 2.23 EPS for the current year.

ARC Resources Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.