Arc Resources (OTCMKTS:AETUF) Stock Rating Lowered by Cibc Captl Mkts

Arc Resources (OTCMKTS:AETUF) was downgraded by investment analysts at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other research firms have also recently issued reports on AETUF. Scotiabank cut Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Canadian Imperial Bank of Commerce cut shares of Arc Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. Zacks Research downgraded shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Cantor Fitzgerald assumed coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arc Resources currently has a consensus rating of “Hold”.

Arc Resources Stock Performance

Shares of AETUF stock opened at $16.71 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 business’s 50 day moving average is $18.28 and its two-hundred day moving average is $18.48. The company has a market capitalization of $9.55 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.23 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%.The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.07 billion. Analysts expect that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Company Profile

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.