Arc Resources (AETUF) to Release Quarterly Earnings on Thursday

Arc Resources (OTCMKTS:AETUF - Get Free Report) is expected to release its earnings data after the market closes on Thursday, August 7th. Analysts expect Arc Resources to post earnings of $0.58 per share and revenue of $1.37 billion for the quarter.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. 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 Trading Down 1.6%

Arc Resources stock traded down $0.31 during trading hours on Friday, hitting $19.64. The stock had a trading volume of 18,762 shares, compared to its average volume of 13,873. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.54 and a beta of 0.45. Arc Resources has a one year low of $14.89 and a one year high of $23.86. The business's 50 day simple moving average is $21.01 and its 200-day simple moving average is $19.51.

Arc Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.87%. Arc Resources's dividend payout ratio (DPR) is 34.57%.

Analyst Upgrades and Downgrades

AETUF has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. National Bankshares reaffirmed an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Desjardins reaffirmed a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Raymond James Financial upgraded Arc Resources to a "moderate buy" rating in a research report on Monday, April 7th. Finally, Wall Street Zen lowered Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Arc Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.