Arc Resources (OTCMKTS:AETUF) Announces Earnings Results

Arc Resources (OTCMKTS:AETUF) issued its earnings results on Thursday. The energy company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03), Zacks reports. Arc Resources had a return on equity of 17.47% and a net margin of 22.77%.

Arc Resources Trading Up 1.9%

Arc Resources stock traded up $0.44 during mid-day trading on Thursday, hitting $23.60. The company’s stock had a trading volume of 60,789 shares, compared to its average volume of 184,349. The firm has a market capitalization of $13.37 billion, a PE ratio of 12.90 and a beta of 0.26. Arc Resources has a 1 year low of $15.50 and a 1 year high of $23.79. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $22.23 and its two-hundred day moving average is $20.49.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zacks Research cut Arc Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Canaccord Genuity Group cut Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Capital One Financial cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, BMO Capital Markets lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Arc Resources Company Profile

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.