Arc Resources (AETUF) Projected to Post Earnings on Thursday

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

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $889.86 million during 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 $18.16 on Tuesday. The stock has a fifty day moving average price of $18.22 and a 200 day moving average price of $18.52. Arc Resources has a 52 week low of $15.05 and a 52 week high of $23.86. The firm has a market capitalization of $10.38 billion, a P/E ratio of 10.75, a PEG ratio of 1.74 and a beta of 0.30. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

AETUF has been the topic of several recent analyst reports. Cantor Fitzgerald began coverage on shares of Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Zacks Research lowered shares of Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Finally, Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.