Arc Resources (OTCMKTS:AETUF) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Arc Resources (OTCMKTS:AETUF) posted its quarterly earnings data on Tuesday. The energy company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.25, Zacks reports. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%.

Arc Resources Stock Performance

OTCMKTS:AETUF opened at $23.33 on Thursday. The firm has a market cap of $13.21 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.86 and a beta of 0.20. Arc Resources has a fifty-two week low of $15.50 and a fifty-two week high of $23.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The business has a 50 day moving average price of $19.68 and a 200-day moving average price of $18.65.

Analysts Set New Price Targets

A number of research analysts have commented on AETUF shares. Jefferies Financial Group cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. TD Securities cut shares of Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday. Canaccord Genuity Group cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Canadian Imperial Bank of Commerce cut shares of Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock 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.