Arc Resources (AETUF) Expected to Announce Quarterly Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is expected to be issuing 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 released its quarterly 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 return on equity of 16.90% and a net margin of 25.94%.The firm had revenue of $889.86 million for the quarter, compared to analyst estimates 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

OTCMKTS AETUF opened at $18.73 on Thursday. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. Arc Resources has a fifty-two week low of $15.05 and a fifty-two week high of $23.86. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $18.18 and a 200-day moving average of $18.55.

Analysts Set New Price Targets

Several brokerages have commented on AETUF. Cantor Fitzgerald initiated coverage on Arc Resources in a research note on Monday, October 27th. They set an “overweight” rating for the company. UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Roth Mkm began coverage on Arc Resources in a research note on Friday, December 19th. They set a “buy” rating for the company. Capital One Financial raised Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Zacks Research downgraded shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.