Arc Resources (OTCMKTS:AETUF) Upgraded at Zacks Research

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

AETUF has been the subject of several other research reports. Raymond James Financial downgraded shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Scotiabank raised shares of Arc Resources to a “hold” rating in a report on Wednesday, April 1st. National Bank Financial cut shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Finally, Roth Mkm began coverage on shares of Arc Resources in a report on Friday, December 19th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $19.07 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.69. Arc Resources has a 1 year low of $15.05 and a 1 year high of $23.86. The company has a market capitalization of $10.84 billion, a PE ratio of 12.22, a P/E/G ratio of 1.00 and a beta of 0.20. The company has a fifty day moving average of $19.21 and a two-hundred day moving average of $18.55.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.07 billion. As a group, analysts expect 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.