Arc Resources (AETUF) to Announce Quarterly Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) will likely be announcing 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 released its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.47%. 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 Performance

Shares of OTCMKTS:AETUF opened at $22.72 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $22.24 and a 200-day moving average price of $20.40. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 12.42 and a beta of 0.26. Arc Resources has a 12 month low of $15.50 and a 12 month high of $23.79.

Analyst Ratings Changes

A number of research analysts have commented on the company. BMO Capital Markets lowered Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Arc Resources in a research note on Wednesday, July 15th. TD Securities downgraded Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Jefferies Financial Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Finally, Zacks Research cut shares of Arc Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Arc Resources currently has an average 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.