Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently issued reports on AETUF shares. Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Roth Mkm began coverage on shares of Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Friday, December 19th. Finally, Cantor Fitzgerald assumed coverage on shares of Arc Resources in a research note on Monday, October 27th. They issued an “overweight” rating for the company.

Arc Resources Stock Performance

Shares of OTCMKTS AETUF opened at $17.77 on Thursday. The firm’s 50-day moving average price is $18.08 and its two-hundred day moving average price is $18.36. Arc Resources has a 52-week low of $15.05 and a 52-week high of $23.86. The stock has a market capitalization of $10.15 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.31 and a beta of 0.29. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. As a group, sell-side 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.