Arc Resources (AETUF) Projected to Post Quarterly Earnings on Tuesday

Arc Resources (OTCMKTS:AETUF) is expected to be announcing its resultson Tuesday, April 28th. Analysts expect the company to announce earnings of $0.4469 per share and revenue of $1.1163 billion for the quarter.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 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 OTCMKTS:AETUF opened at $18.83 on Friday. Arc Resources has a twelve month low of $15.50 and a twelve month high of $23.86. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The company has a market cap of $10.66 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.20. The company’s 50 day moving average is $19.37 and its 200 day moving average is $18.56.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AETUF shares. National Bank Financial downgraded shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Scotiabank raised shares of Arc Resources to a “hold” rating in a report on Wednesday, April 1st. Canadian Imperial Bank of Commerce downgraded shares of Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Zacks Research raised shares of Arc Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, Raymond James Financial downgraded Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Arc Resources presently has an average rating of “Moderate Buy”.

About Arc Resources

Arc Resources Ltd., trading on the OTC Markets under the ticker AETUF, is a Canadian energy company primarily engaged in the exploration, development and production of natural gas, condensate and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core operations are concentrated in the Montney formation, a premier resource play extending across northeastern British Columbia and northwestern Alberta. Arc’s portfolio emphasizes liquids-rich gas production supported by proprietary midstream infrastructure, including gas processing facilities, pipelines and water management systems.

Since its formation in the mid-1990s as Arc Energy Trust and its conversion to a corporation in 2015, Arc Resources has pursued a disciplined growth strategy focused on operational efficiency, cost control and sustainable development.