ARC Resources (ARX) Set to Announce Earnings on Wednesday

ARC Resources (TSE:ARX - Get Free Report) will be issuing its quarterly earnings data 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 - Get Free Report) last issued its earnings results on Thursday, August 1st. The oil and gas exploration company reported C$0.40 EPS for the quarter. ARC Resources had a return on equity of 15.83% and a net margin of 22.23%. The firm had revenue of C$1.15 billion during the quarter, compared to analysts' expectations of C$1.03 billion.

ARC Resources Price Performance

TSE:ARX traded up C$0.29 during mid-day trading on Wednesday, reaching C$23.59. 660,870 shares of the company were exchanged, compared to its average volume of 2,025,982. The stock has a market cap of C$14.06 billion, a PE ratio of 12.07, a PEG ratio of 0.29 and a beta of 1.26. ARC Resources has a 12 month low of C$19.02 and a 12 month high of C$26.45. The company has a quick ratio of 0.42, a current ratio of 0.88 and a debt-to-equity ratio of 31.49. The company has a fifty day moving average of C$24.00 and a 200 day moving average of C$24.46.

ARC Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.88%. ARC Resources's dividend payout ratio is 35.23%.

Wall Street Analysts Forecast Growth

ARX has been the topic of several recent analyst reports. National Bankshares lowered their price objective on shares of ARC Resources from C$32.00 to C$31.00 in a research note on Friday, September 27th. Jefferies Financial Group reduced their price objective on shares of ARC Resources from C$30.00 to C$27.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Cormark raised ARC Resources to a "moderate buy" rating in a report on Monday, September 23rd. UBS Group reduced their price target on ARC Resources from C$33.00 to C$32.00 in a research report on Wednesday, July 10th. Finally, Scotiabank increased their target price on ARC Resources from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ARC Resources currently has an average rating of "Buy" and a consensus target price 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.