Arc Resources (OTCMKTS:AETUF) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Arc Resources (OTCMKTS:AETUF) announced its quarterly earnings data on Thursday. The energy company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03), Zacks reports. Arc Resources had a return on equity of 17.47% and a net margin of 22.77%.

Arc Resources Stock Performance

Shares of AETUF traded up $0.44 during mid-day trading on Thursday, reaching $23.60. 60,789 shares of the company’s stock traded hands, compared to its average volume of 184,349. The business’s 50-day moving average price is $22.23 and its 200-day moving average price is $20.49. The stock has a market capitalization of $13.37 billion, a P/E ratio of 12.90 and a beta of 0.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.87. Arc Resources has a 12 month low of $15.50 and a 12 month high of $23.79.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AETUF shares. Canaccord Genuity Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. TD Securities downgraded shares of Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Zacks Research lowered shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently 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.