Arc Resources (AETUF) to Release Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is anticipated to post its resultson Thursday, July 30th. Analysts expect Arc Resources to post earnings of $0.48 per share and revenue of $1.1772 billion for the quarter.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.25. Arc Resources had a return on equity of 17.47% and a net margin of 22.77%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. On average, analysts expect Arc Resources to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arc Resources Stock Down 0.2%

Shares of OTCMKTS AETUF opened at $22.66 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.85. The stock has a market capitalization of $12.84 billion, a PE ratio of 12.38 and a beta of 0.26. Arc Resources has a one year low of $15.50 and a one year high of $23.79. The business’s fifty day moving average price is $22.23 and its 200-day moving average price is $20.44.

Analyst Upgrades and Downgrades

AETUF has been the topic of a number of research reports. BMO Capital Markets cut Arc Resources from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Canaccord Genuity Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Zacks Research lowered shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Arc Resources in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.