Arc Resources (AETUF) to Release Quarterly Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) will likely be announcing its results after the market closes on Thursday, February 5th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $1.0740 billion for the quarter.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, November 6th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Arc Resources had a net margin of 25.94% and a return on equity of 16.90%. The business had revenue of $889.86 million for the quarter, compared to analysts’ expectations of $1.05 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 Stock Performance

Arc Resources stock opened at $18.73 on Thursday. Arc Resources has a fifty-two week low of $15.05 and a fifty-two week high of $23.86. The company has a market capitalization of $10.70 billion, a PE ratio of 11.08, a P/E/G ratio of 1.59 and a beta of 0.30. The company has a 50 day moving average price of $18.18 and a 200-day moving average price of $18.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54.

Analyst Upgrades and Downgrades

Several research firms recently commented on AETUF. Zacks Research lowered shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Cantor Fitzgerald began coverage on shares of Arc Resources in a report on Monday, October 27th. They issued an “overweight” rating for the company. Roth Mkm initiated coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating for the company. Finally, UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Arc Resources currently has a consensus 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.