Arc Resources (OTCMKTS:AETUF) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Arc Resources (OTCMKTS:AETUF) announced its earnings results on Thursday. The energy company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05), Zacks reports. Arc Resources had a net margin of 25.94% and a return on equity of 16.90%.

Arc Resources Trading Down 4.0%

AETUF traded down $0.78 during trading on Thursday, reaching $18.56. The company had a trading volume of 35,986 shares, compared to its average volume of 320,766. The stock has a market cap of $10.60 billion, a P/E ratio of 10.98, a PEG ratio of 1.73 and a beta of 0.29. The business has a 50 day simple moving average of $18.28 and a 200-day simple moving average of $18.51. Arc Resources has a 52 week low of $15.05 and a 52 week high of $23.86. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

Several analysts have issued reports on AETUF shares. Cantor Fitzgerald initiated coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating for the company. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Roth Mkm initiated coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating for the company. Zacks Research lowered Arc Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Finally, UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.