Arc Resources (OTCMKTS:AETUF) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Arc Resources (OTCMKTS:AETUF) posted its earnings results on Thursday. The energy company reported $0.45 earnings per share (EPS) 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%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.18 billion.

Arc Resources Price Performance

OTCMKTS:AETUF traded up $0.17 during trading hours on Friday, hitting $23.77. 11,831 shares of the stock were exchanged, compared to its average volume of 183,109. Arc Resources has a 52-week low of $15.50 and a 52-week high of $23.83. The firm’s fifty day moving average price is $22.24 and its 200 day moving average price is $20.54. 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 company has a market cap of $13.47 billion, a P/E ratio of 12.99 and a beta of 0.26.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AETUF shares. Capital One Financial cut Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Zacks Research downgraded Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. TD Securities lowered Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Finally, Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.