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Credit Suisse Revises Estimates for ARC Energy Trust

Credit Suisse revised its estimates for ARC Energy Trust (AET-UN.TO) but kept an Outperform rating and $24 target price.

"We have made minor adjustments to our estimates following Q2 results to account for variances in the quarter and updated hedging. As a result, our 2010 operating cash flow estimate goes from C$2.68 per unit to C$2.69, while 2011 goes from C$3.08 to C$3.10. We are revising our EPS estimates for 2010/2011 to C$1.25/C$1.21 from C$1.26/C$1.19 respectively. Our 2012 EPS estimate is unchanged at C$1.33," Credit Suisse said in a morning note.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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