Arc Resources (OTCMKTS:AETUF) Posts Earnings Results, Beats Estimates By $0.30 EPS

Arc Resources (OTCMKTS:AETUF) issued its earnings results on Tuesday. The energy company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.30, Zacks reports. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.

Arc Resources Trading Up 0.4%

OTCMKTS:AETUF opened at $23.04 on Wednesday. The stock’s 50 day moving average price is $19.56 and its 200 day moving average price is $18.61. The company has a market capitalization of $13.05 billion, a PE ratio of 14.77, a P/E/G ratio of 0.86 and a beta of 0.20. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. Arc Resources has a 52-week low of $15.50 and a 52-week high of $23.86.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AETUF shares. Capital One Financial downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Zacks Research upgraded shares of Arc Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Scotiabank upgraded shares of Arc Resources to a “hold” rating in a report on Wednesday, April 1st. Raymond James Financial downgraded shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce lowered shares of Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arc Resources 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.