ARC Resources (ARX) Set to Announce Quarterly Earnings on Wednesday

ARC Resources (TSE:ARX) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.

ARC Resources (TSE:ARX) last posted its earnings results on Thursday, August 1st. The oil and gas exploration company reported C$0.40 earnings per share (EPS) for the quarter. ARC Resources had a return on equity of 15.83% and a net margin of 22.23%. The company had revenue of C$1.15 billion for the quarter, compared to analysts’ expectations of C$1.03 billion.

ARC Resources Stock Performance

Shares of ARX opened at C$23.16 on Monday. The company has a debt-to-equity ratio of 31.49, a quick ratio of 0.42 and a current ratio of 0.88. ARC Resources has a 1 year low of C$19.02 and a 1 year high of C$26.45. The firm has a fifty day moving average of C$23.93 and a 200-day moving average of C$24.44. The company has a market cap of C$13.81 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.26.

ARC Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, September 27th. ARC Resources’s dividend payout ratio (DPR) is 35.23%.

Analyst Upgrades and Downgrades

ARX has been the subject of several analyst reports. Scotiabank boosted their price objective on ARC Resources from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. National Bankshares decreased their price target on ARC Resources from C$32.00 to C$31.00 in a research note on Friday, September 27th. UBS Group cut their price objective on shares of ARC Resources from C$33.00 to C$32.00 in a research note on Wednesday, July 10th. TD Securities decreased their target price on shares of ARC Resources from C$31.00 to C$30.00 in a research report on Tuesday, October 1st. Finally, Cormark upgraded shares of ARC Resources to a “moderate buy” rating in a research report on Monday, September 23rd. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$30.46.

About ARC Resources

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.