Arc Resources (OTCMKTS:AETUF) Stock Rating Lowered by Natl Bk Canada

Arc Resources (OTCMKTS:AETUF) was downgraded by research analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other equities research analysts also recently issued reports on AETUF. Raymond James Financial downgraded Arc Resources from an “outperform” rating to a “market perform” rating in a research note on Friday. Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “neutral” rating in a report on Friday. Zacks Research cut shares of Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Roth Mkm began coverage on shares of Arc Resources in a research report on Friday, December 19th. They set a “buy” rating on the stock. Finally, UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Arc Resources currently has a consensus rating of “Hold”.

Arc Resources Stock Down 10.0%

AETUF stock opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53. The firm 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 has a 52-week low of $15.05 and a 52-week high of $23.86. The company’s 50 day simple moving average is $18.28 and its 200-day simple moving average is $18.48.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. As a group, equities research 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.