Arc Resources (AETUF) Projected to Post Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is anticipated to announce its results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of $0.3807 per share and revenue of $1.38 billion for the quarter.

Arc Resources Price Performance

Shares of OTCMKTS AETUF opened at $24.54 on Tuesday. Arc Resources has a twelve month low of $15.50 and a twelve month high of $24.80. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 13.71 and a beta of 0.27. The business has a 50 day simple moving average of $24.49 and a 200-day simple moving average of $21.84.

Wall Street Analyst Weigh In

A number of research firms have commented on AETUF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Arc Resources Company Profile

ARC Resources Ltd. is a Canadian energy company engaged in the development, production, processing and marketing of crude oil, condensate, natural gas and natural gas liquids. The company’s operations are focused primarily on the Montney resource play in northeastern British Columbia and northwestern Alberta, where it holds extensive unconventional oil and natural gas assets.

ARC Resources serves energy markets in Canada and abroad through its production, infrastructure and marketing activities.