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

Arc Resources Ltd. (OTCMKTS:AETUF) has earned an average rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company.

A number of analysts recently commented on AETUF shares. Jefferies Financial Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. TD Securities lowered Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Zacks Research cut Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th.

Arc Resources Trading Up 1.0%

OTCMKTS:AETUF opened at $22.95 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 12.54 and a beta of 0.26. The firm has a fifty day simple moving average of $22.21 and a two-hundred day simple moving average of $20.27. Arc Resources has a 12 month low of $15.50 and a 12 month high of $23.79.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.25. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.47%. Analysts expect that Arc Resources will post 1.67 EPS for the current fiscal 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.