Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Arc Resources Ltd. is rated as a "Buy" by four brokerages, with three analysts giving it a buy rating and one a strong buy rating.
• The company reported earnings of $0.49 per share, exceeding analysts' estimates of $0.36, with revenue of $801.14 million for the quarter.
• Arc Resources declared a quarterly dividend of $0.19 per share, resulting in an annual yield of 4.0% and a payout ratio of 30.77%.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) has received a consensus rating of "Buy" from the four brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have issued reports on AETUF shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. National Bankshares restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Wall Street Zen lowered Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. Finally, Desjardins reiterated a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th.

Arc Resources Stock Performance

Shares of Arc Resources stock opened at $19.05 on Thursday. The business's fifty day simple moving average is $20.10 and its 200 day simple moving average is $19.73. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. Arc Resources has a 12 month low of $15.05 and a 12 month high of $23.86. The firm has a market capitalization of $11.09 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.52 and a beta of 0.37.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last issued its earnings results on Thursday, July 31st. The energy company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.13. The firm had revenue of $801.14 million during the quarter, compared to analyst estimates of $1.37 billion. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. As a group, analysts anticipate that Arc Resources will post 2.23 EPS for the current year.

Arc Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.0%. Arc Resources's payout ratio is 30.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.