Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Rating of “Moderate Buy” from Analysts

Arc Resources Ltd. (OTCMKTS:AETUF) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have recently commented on AETUF. Roth Mkm initiated coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock. TD Securities reiterated a “buy” rating on shares of Arc Resources in a research report on Tuesday, September 30th. Capital One Financial upgraded Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. Cantor Fitzgerald initiated coverage on shares of Arc Resources in a research note on Monday, October 27th. They set an “overweight” rating on the stock. Finally, UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th.

Arc Resources Stock Performance

AETUF opened at $18.47 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28. Arc Resources has a 12-month low of $15.05 and a 12-month high of $23.86. The firm has a 50 day moving average of $18.14 and a two-hundred day moving average of $18.59. The firm has a market capitalization of $10.55 billion, a PE ratio of 10.93, a P/E/G ratio of 1.60 and a beta of 0.30.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $889.86 million during the quarter, compared to analyst estimates of $1.05 billion. Arc Resources had a return on equity of 16.90% and a net margin of 25.94%. On average, analysts anticipate that Arc Resources will post 2.23 EPS for the current year.

About Arc Resources

Arc Resources Ltd., trading on the OTC Markets under the ticker AETUF, is a Canadian energy company primarily engaged in the exploration, development and production of natural gas, condensate and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core operations are concentrated in the Montney formation, a premier resource play extending across northeastern British Columbia and northwestern Alberta. Arc’s portfolio emphasizes liquids-rich gas production supported by proprietary midstream infrastructure, including gas processing facilities, pipelines and water management systems.

Since its formation in the mid-1990s as Arc Energy Trust and its conversion to a corporation in 2015, Arc Resources has pursued a disciplined growth strategy focused on operational efficiency, cost control and sustainable development.