Short Interest in ARC Resources Ltd. (OTCMKTS:AETUF) Drops By 30.9%

ARC Resources Ltd. (OTCMKTS:AETUF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 4,271,400 shares, a drop of 30.9% from the December 15th total of 6,181,100 shares. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is currently 46.1 days.

Analyst Upgrades and Downgrades

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

ARC Resources Stock Down 3.9 %

Shares of AETUF stock opened at $18.18 on Friday. The stock has a market cap of $10.76 billion, a P/E ratio of 11.81 and a beta of 1.10. The company’s fifty day simple moving average is $18.11 and its two-hundred day simple moving average is $17.65. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. ARC Resources has a 52 week low of $14.58 and a 52 week high of $19.64.

ARC Resources (OTCMKTS:AETUF) last posted its earnings results on Wednesday, November 6th. The energy company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.13. The company had revenue of $682.78 million for the quarter, compared to the consensus estimate of $622.55 million. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%. Analysts predict that ARC Resources will post 1.27 EPS for the current fiscal year.

ARC Resources Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a dividend of $0.1335 per share. This is an increase from ARC Resources’s previous dividend of $0.13. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, December 31st. ARC Resources’s dividend payout ratio is currently 34.42%.

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.