ARC Resources (AETUF) to Release Quarterly Earnings on Thursday

ARC Resources (OTCMKTS:AETUF) will likely be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect ARC Resources to post earnings of $0.42 per share and revenue of $1.36 billion for the quarter.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Wednesday, November 6th. The energy company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.13. The company had revenue of $682.78 million during the quarter, compared to the consensus estimate of $622.55 million. ARC Resources had a return on equity of 16.60% and a net margin of 26.33%. On average, analysts expect ARC Resources to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ARC Resources Stock Down 0.5 %

OTCMKTS:AETUF opened at $17.48 on Thursday. ARC Resources has a one year low of $14.58 and a one year high of $19.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $10.32 billion, a PE ratio of 11.35, a P/E/G ratio of 0.78 and a beta of 1.08. The firm’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $17.67.

ARC Resources Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a $0.1335 dividend. This is a boost from ARC Resources’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 3.05%. ARC Resources’s payout ratio is currently 34.42%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded ARC Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

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.