Arc Resources Ltd. (OTCMKTS:AETUF) Given Average Recommendation of “Buy” by Analysts

Arc Resources Ltd. (OTCMKTS:AETUF) has received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have recently issued reports on AETUF. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Raymond James Financial restated an “outperform” rating on shares of Arc Resources in a research report on Monday, September 15th. Wall Street Zen cut Arc Resources from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 18th. Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, TD Securities reissued a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th.

Arc Resources Stock Performance

Shares of OTCMKTS AETUF opened at $17.21 on Tuesday. The stock’s 50-day moving average is $18.19 and its 200 day moving average is $19.55. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 0.52 and a beta of 0.26. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $889.86 million for the quarter, compared to the consensus estimate of $1.05 billion. Arc Resources had a net margin of 30.77% and a return on equity of 18.59%. On average, sell-side analysts anticipate that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.1376 dividend. The ex-dividend date was Monday, September 29th. This represents a yield of 306.0%. Arc Resources’s payout ratio is presently 32.54%.

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.