Arc Resources (OTCMKTS:AETUF) Shares Gap Up – Should You Buy?

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) gapped up prior to trading on Friday . The stock had previously closed at $18.21, but opened at $18.89. Arc Resources shares last traded at $18.24, with a volume of 2,202 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded shares of Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. National Bank Financial lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Scotiabank cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Roth Mkm assumed coverage on Arc Resources in a research report on Friday, December 19th. They set a “buy” rating for the company. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Arc Resources Stock Performance

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 company has a market cap of $10.46 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.33 and a beta of 0.29. The business has a fifty day simple moving average of $18.05 and a two-hundred day simple moving average of $18.34.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.07 billion. Research analysts anticipate that Arc Resources Ltd. 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.