Arc Resources (AETUF) Projected to Post Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is anticipated to post its results after the market closes on Thursday, November 6th. Analysts expect Arc Resources to post earnings of $0.58 per share and revenue of $1.0465 billion for the quarter.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.13. Arc Resources had a net margin of 30.77% and a return on equity of 18.59%. The firm had revenue of $801.14 million for the quarter, compared to analysts’ expectations of $1.37 billion. On average, analysts expect Arc Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Arc Resources Price Performance

Shares of AETUF stock opened at $18.30 on Thursday. Arc Resources has a 52-week low of $15.05 and a 52-week high of $23.86. The stock has a market cap of $10.55 billion, a PE ratio of 10.05, a PEG ratio of 0.53 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.21. The firm’s 50 day moving average price is $18.47 and its two-hundred day moving average price is $19.66.

Arc Resources Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1376 per share. This represents a dividend yield of 306.0%. The ex-dividend date of this dividend was Monday, September 29th. Arc Resources’s dividend payout ratio (DPR) is currently 30.22%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AETUF. Raymond James Financial reissued an “outperform” rating on shares of Arc Resources in a research report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Arc Resources in a research report on Monday. They set an “overweight” rating on the stock. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research report on Monday. TD Securities reissued a “buy” rating on shares of Arc Resources in a research report on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Arc Resources from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, Arc Resources currently has an average rating of “Buy”.

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.