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

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

Other research analysts have also recently issued research reports about the stock. Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. National Bank Financial downgraded shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce lowered Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. Finally, Roth Mkm began coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Arc Resources Stock Performance

Shares of AETUF opened at $19.54 on Wednesday. Arc Resources has a 1 year low of $15.05 and a 1 year high of $23.86. The stock has a market capitalization of $11.11 billion, a PE ratio of 12.53, a PEG ratio of 1.04 and a beta of 0.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The stock has a 50-day simple moving average of $19.08 and a 200-day simple moving average of $18.49.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.15 billion for 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, analysts predict that Arc Resources will post 2.23 earnings per share 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.