Arc Resources (AETUF) Expected to Release Quarterly Earnings on Thursday

Key Points

• Arc Resources is expected to report quarterly earnings after Thursday’s market close, with analysts forecasting $0.3807 in earnings per share and $1.38 billion in revenue.
• The company previously missed estimates, reporting $0.45 EPS versus $0.48 expected and $1.09 billion in revenue versus $1.18 billion forecast.
• Shares recently traded near their 12-month high, while analysts maintain an overall “Hold” rating: two Buy ratings, 10 Holds and one Sell.

Arc Resources (OTCMKTS:AETUF - Get Free Report) will likely be announcing its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.3807 per share and revenue of $1.38 billion for the quarter.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a return on equity of 16.67% and a net margin of 19.75%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, analysts expect Arc Resources to post $1.68 EPS for the current fiscal year and $1.34 EPS for the next fiscal year.

Arc Resources Price Performance

Shares of OTCMKTS:AETUF opened at $24.54 on Thursday. The business has a 50 day moving average price of $24.49 and a 200 day moving average price of $21.72. Arc Resources has a twelve month low of $15.50 and a twelve month high of $24.80. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 13.71 and a beta of 0.27. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AETUF shares. Zacks Research raised Arc Resources from a "strong sell" rating to a "hold" rating in a research report on Friday, August 21st. Royal Bank Of Canada reissued an "outperform" rating on shares of Arc Resources in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Arc Resources Company Profile

ARC Resources Ltd. is a Canadian energy company engaged in the development, production, processing and marketing of crude oil, condensate, natural gas and natural gas liquids. The company's operations are focused primarily on the Montney resource play in northeastern British Columbia and northwestern Alberta, where it holds extensive unconventional oil and natural gas assets.

ARC Resources serves energy markets in Canada and abroad through its production, infrastructure and marketing activities.

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