Arc Resources (AETUF) Set to Post Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is expected to be announcing its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.3807 per share and revenue of $1.38 billion for the quarter.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Arc Resources had a return on equity of 16.67% and a net margin of 19.75%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.18 billion. On average, analysts expect Arc Resources to post $1.68 EPS for the current fiscal year and $1.34 EPS for the next fiscal year.

Arc Resources Price Performance

Shares of OTCMKTS:AETUF opened at $24.54 on Thursday. The firm has a market capitalization of $13.90 billion, a PE ratio of 13.71 and a beta of 0.27. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Arc Resources has a 1-year low of $15.50 and a 1-year high of $24.80. The business’s 50 day moving average is $24.49 and its 200-day moving average is $21.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AETUF. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Arc Resources Company Profile

ARC Resources Ltd. is a Canadian energy company engaged in the development, production, processing and marketing of crude oil, condensate, natural gas and natural gas liquids. The company’s operations are focused primarily on the Montney resource play in northeastern British Columbia and northwestern Alberta, where it holds extensive unconventional oil and natural gas assets.

ARC Resources serves energy markets in Canada and abroad through its production, infrastructure and marketing activities.