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

Arc Resources Ltd. (OTCMKTS:AETUF) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have weighed in on AETUF shares. National Bank Financial lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Roth Mkm started coverage on Arc Resources in a report on Friday, December 19th. They issued a “buy” rating for the company. Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th.

Arc Resources Stock Up 0.3%

Shares of Arc Resources stock opened at $20.38 on Monday. Arc Resources has a one year low of $15.05 and a one year high of $23.86. The company has a market cap of $11.64 billion, a P/E ratio of 13.06, a PEG ratio of 1.26 and a beta of 0.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a fifty day moving average of $18.33 and a two-hundred day moving average of $18.31.

Arc Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The business 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 15.49%. On average, analysts forecast that Arc Resources will post 2.23 earnings per share for the current 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.