Arc Resources (OTCMKTS:AETUF) Posts Earnings Results, Meets Expectations

Arc Resources (OTCMKTS:AETUF) released its quarterly earnings results on Thursday. The energy company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32, Zacks reports. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a net margin of 25.94% and a return on equity of 16.90%.

Arc Resources Trading Down 9.1%

Shares of AETUF traded down $1.68 during trading hours on Friday, hitting $16.88. 139,468 shares of the stock traded hands, compared to its average volume of 310,280. The business has a fifty day moving average of $18.30 and a 200-day moving average of $18.51. The firm has a market capitalization of $9.64 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.81 and a beta of 0.29. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

Several research analysts have recently commented on AETUF shares. Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Raymond James Financial cut Arc Resources from an “outperform” rating to a “market perform” rating in a report on Friday. National Bankshares cut Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday. Finally, Zacks Research downgraded shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Arc Resources presently has an average rating of “Moderate Buy”.

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.