ARC Resources (OTCMKTS:AETUF) announced its quarterly earnings data on Thursday. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01, MarketWatch Earnings reports. The company had revenue of $157.20 million for the quarter. ARC Resources had a positive return on equity of 2.98% and a negative net margin of 48.33%.
ARC Resources stock opened at $4.22 on Friday. ARC Resources has a 12 month low of $1.73 and a 12 month high of $6.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $4.04. The stock has a market capitalization of $1.49 billion, a PE ratio of 70.37 and a beta of 1.71.
AETUF has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on ARC Resources from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday. CIBC raised their price objective on ARC Resources from $7.50 to $8.50 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank raised their price objective on ARC Resources from $7.75 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday. BMO Capital Markets raised their price objective on ARC Resources from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, TD Securities boosted their price objective on ARC Resources from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. ARC Resources currently has an average rating of “Buy” and a consensus price target of $8.07.
About ARC Resources
ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.
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