Arc Resources (AETUF) Projected to Release Earnings on Thursday

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

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.50 by $0.25. Arc Resources had a net margin of 22.77% and a return on equity of 17.47%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates 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 Price Performance

Shares of OTCMKTS:AETUF opened at $23.06 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. Arc Resources has a fifty-two week low of $15.50 and a fifty-two week high of $23.79. The firm has a 50-day simple moving average of $22.22 and a 200 day simple moving average of $20.30. The company has a market cap of $13.06 billion, a PE ratio of 12.60 and a beta of 0.26.

Analysts Set New Price Targets

A number of brokerages have commented on AETUF. TD Securities downgraded Arc Resources from a “buy” rating to a “sell” rating in a research note on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Jefferies Financial Group cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Capital One Financial downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Canaccord Genuity Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Arc Resources Company Profile

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.