Arc Resources (OTCMKTS:AETUF) Upgraded at Zacks Research

Zacks Research upgraded shares of Arc Resources (OTCMKTS:AETUF) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on AETUF. Raymond James Financial lowered shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. Cantor Fitzgerald began coverage on Arc Resources in a research report on Monday, October 27th. They issued an “overweight” rating for the company. Finally, Roth Mkm initiated coverage on Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Arc Resources Trading Up 2.5%

Shares of Arc Resources stock opened at $18.21 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $18.06 and its 200-day simple moving average is $18.36. The stock has a market cap of $10.40 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.29 and a beta of 0.29. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. Analysts predict that Arc Resources will post 2.23 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.