Arc Resources (OTCMKTS:AETUF) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Key Points

• Arc Resources reported earnings of $0.49 per share, exceeding analysts' estimates of $0.36 by $0.13.
• The company declared a quarterly dividend of $0.19, resulting in an annualized dividend of $0.76 and a dividend yield of 3.8%.
• Shares of Arc Resources saw a 1.2% increase during trading, closing at $19.79.

Arc Resources (OTCMKTS:AETUF - Get Free Report) announced its quarterly earnings data on Thursday. The energy company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.13, Zacks reports. The firm had revenue of $801.14 million for the quarter, compared to analyst estimates of $1.37 billion. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%.

Arc Resources Price Performance

AETUF stock traded up $0.12 on Wednesday, reaching $20.06. The company had a trading volume of 2,593 shares, compared to its average volume of 30,464. Arc Resources has a 1 year low of $15.05 and a 1 year high of $23.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.59 and a current ratio of 0.60. The company's fifty day moving average is $20.82 and its 200 day moving average is $19.56. The company has a market cap of $11.70 billion, a P/E ratio of 11.02, a PEG ratio of 0.54 and a beta of 0.37.

Arc Resources Announces Dividend

The business also recently announced 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 3.8%. Arc Resources's payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. National Bankshares reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Desjardins reiterated a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded Arc Resources from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently 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.