Arc Resources (OTCMKTS:AETUF) Announces 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) issued its quarterly earnings results 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 analysts' expectations of $1.37 billion. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%.

Arc Resources Stock Up 1.2%

Shares of OTCMKTS AETUF traded up $0.24 during trading hours on Friday, hitting $19.79. The stock had a trading volume of 17,688 shares, compared to its average volume of 12,852. The company has a market capitalization of $11.54 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.54 and a beta of 0.37. The firm's 50-day moving average price is $20.89 and its two-hundred day moving average price is $19.53. Arc Resources has a 52 week low of $14.89 and a 52 week 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.

Arc Resources Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.8%. Arc Resources's payout ratio is 34.57%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. National Bankshares reissued an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Wall Street Zen raised Arc Resources from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 28th. Desjardins reaffirmed a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Finally, Raymond James Financial raised Arc Resources to a "moderate buy" rating in a research note on Monday, April 7th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

About Arc Resources

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.