Arc Resources (OTCMKTS:AETUF) Releases Earnings Results, Meets Estimates

Arc Resources (OTCMKTS:AETUF) released its quarterly earnings data on Thursday. The energy company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32, Zacks reports. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%.

Arc Resources Trading Down 10.0%

Shares of AETUF stock opened at $16.71 on Friday. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.37 and a beta of 0.29. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The stock has a 50 day simple moving average of $18.28 and a 200-day simple moving average of $18.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AETUF shares. Zacks Research downgraded shares of Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Cantor Fitzgerald began coverage on Arc Resources in a report on Monday, October 27th. They issued an “overweight” rating on the stock. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Scotiabank downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Natl Bk Canada cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Arc Resources

Arc Resources Ltd., trading on the OTC Markets under the ticker AETUF, is a Canadian energy company primarily engaged in the exploration, development and production of natural gas, condensate and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core operations are concentrated in the Montney formation, a premier resource play extending across northeastern British Columbia and northwestern Alberta. Arc’s portfolio emphasizes liquids-rich gas production supported by proprietary midstream infrastructure, including gas processing facilities, pipelines and water management systems.

Since its formation in the mid-1990s as Arc Energy Trust and its conversion to a corporation in 2015, Arc Resources has pursued a disciplined growth strategy focused on operational efficiency, cost control and sustainable development.