ARC Resources Ltd. (OTCMKTS:AETUF – Get Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 8,862,100 shares, a drop of 9.5% from the June 15th total of 9,795,500 shares. Based on an average daily trading volume, of 27,500 shares, the days-to-cover ratio is presently 322.3 days.
ARC Resources Trading Up 0.7 %
Shares of AETUF opened at $17.57 on Monday. ARC Resources has a fifty-two week low of $13.55 and a fifty-two week high of $19.16. The stock has a market capitalization of $10.50 billion, a PE ratio of 11.87 and a beta of 1.16. The company’s fifty day moving average is $18.22 and its 200 day moving average is $17.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.77 and a current ratio of 0.79.
ARC Resources (OTCMKTS:AETUF – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The energy company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.18). ARC Resources had a return on equity of 16.48% and a net margin of 22.70%. The company had revenue of $969.37 million during the quarter, compared to analysts’ expectations of $796.21 million.
ARC Resources Cuts Dividend
Analysts Set New Price Targets
Separately, Cibc World Mkts raised shares of ARC Resources to a “strong-buy” rating in a report on Friday, May 10th.
View Our Latest Analysis on ARC Resources
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.
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