Arc Resources (AETUF) Set to Release Earnings on Thursday

Arc Resources (OTCMKTS:AETUF) is anticipated to announce its results after the market closes on Thursday, November 5th. Analysts expect Arc Resources to announce earnings of $0.3807 per share and revenue of $1.38 billion for the quarter.

Arc Resources Stock Performance

Shares of AETUF opened at $24.54 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $24.49 and a two-hundred day simple moving average of $21.88. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 13.71 and a beta of 0.27. Arc Resources has a 52 week low of $15.50 and a 52 week high of $24.80.

Analysts Set New Price Targets

AETUF has been the subject of a number of recent research reports. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus 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.