Arc Resources (OTCMKTS:AETUF) Stock Rating Upgraded by Scotiabank

Arc Resources (OTCMKTS:AETUF) was upgraded by research analysts at Scotiabank to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on AETUF. Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Raymond James Financial downgraded Arc Resources from a “moderate buy” 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 research report on Friday, February 6th. Roth Mkm began coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating for the company. Finally, UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Arc Resources presently has an average rating of “Moderate Buy”.

Arc Resources Stock Up 2.0%

Shares of Arc Resources stock opened at $19.93 on Wednesday. The firm’s 50 day moving average price is $19.12 and its 200-day moving average price is $18.50. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. Arc Resources has a 52-week low of $15.05 and a 52-week high of $23.86. The company has a market cap of $11.33 billion, a P/E ratio of 12.78, a PEG ratio of 0.98 and a beta of 0.20.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%. On average, sell-side 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.