Arc Resources (OTCMKTS:AETUF) Posts Earnings Results, Misses Expectations By $0.14 EPS

Arc Resources (OTCMKTS:AETUF) announced its quarterly earnings data on Thursday. The energy company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14), Zacks reports. Arc Resources had a net margin of 30.77% and a return on equity of 18.59%. The firm had revenue of $889.86 million for the quarter, compared to analysts’ expectations of $1.05 billion.

Arc Resources Stock Down 7.8%

AETUF stock traded down $1.45 on Friday, hitting $17.07. 122,073 shares of the company’s stock were exchanged, compared to its average volume of 68,284. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.21. Arc Resources has a 12-month low of $15.05 and a 12-month high of $23.86. The stock has a market cap of $9.84 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.52 and a beta of 0.26. The firm has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $19.62.

Arc Resources Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.1376 dividend. This represents a yield of 306.0%. The ex-dividend date was Monday, September 29th. Arc Resources’s dividend payout ratio (DPR) is 30.22%.

Wall Street Analysts Forecast Growth

AETUF has been the topic of a number of research analyst reports. Capital One Financial upgraded Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Cantor Fitzgerald started coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. Raymond James Financial reissued an “outperform” rating on shares of Arc Resources in a report on Monday, September 15th. Wall Street Zen downgraded Arc Resources from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 18th. Finally, TD Securities reissued a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Arc Resources Company Profile

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.