Arc Resources (AETUF) to Release Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is projected to post its results after the market closes on Thursday, February 5th. Analysts expect Arc Resources to post earnings of $0.37 per share and revenue of $1.0740 billion for the quarter.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.14). The firm had revenue of $889.86 million for the quarter, compared to analysts’ expectations of $1.05 billion. Arc Resources had a net margin of 25.94% and a return on equity of 16.90%. On average, analysts expect Arc Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Arc Resources Stock Performance

Arc Resources stock opened at $18.51 on Wednesday. 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. The firm has a market capitalization of $10.58 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.70 and a beta of 0.29. The firm’s 50 day simple moving average is $18.24 and its 200 day simple moving average is $18.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Roth Mkm assumed coverage on Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating on the stock. Scotiabank lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. UBS Group cut Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Capital One Financial raised Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Finally, Zacks Research cut 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, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arc Resources currently has an average rating of “Moderate Buy”.

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.