Arc Resources (OTCMKTS:AETUF) Posts Quarterly Earnings Results, Misses Estimates By $0.31 EPS

Arc Resources (OTCMKTS:AETUF) released its earnings results on Thursday. The energy company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.31), Zacks reports. Arc Resources had a net margin of 30.77% and a return on equity of 18.59%.

Arc Resources Trading Up 1.1%

AETUF stock traded up $0.20 during mid-day trading on Thursday, hitting $18.52. 95,397 shares of the company were exchanged, compared to its average volume of 68,269. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $10.68 billion, a P/E ratio of 10.18, a PEG ratio of 0.52 and a beta of 0.26. The business has a fifty day simple moving average of $18.38 and a 200-day simple moving average of $19.62. Arc Resources has a 12-month low of $15.05 and a 12-month high of $23.86.

Arc Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on AETUF shares. TD Securities reaffirmed a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. Capital One Financial upgraded Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. Raymond James Financial restated an “outperform” rating on shares of Arc Resources in a research report on Monday, September 15th. Cantor Fitzgerald started coverage on Arc Resources in a research note on Monday, October 27th. They set an “overweight” rating on the stock. Finally, Wall Street Zen lowered Arc Resources from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. 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.