Arc Resources Ltd. (OTCMKTS:AETUF) Given Average Rating of “Hold” by Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company.

AETUF has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. TD Securities cut Arc Resources from a “buy” rating to a “sell” rating in a research note on Monday, April 27th. Capital One Financial downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets downgraded shares of Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th.

Arc Resources Price Performance

AETUF stock opened at $23.68 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.87. The business has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $20.93. The company has a market capitalization of $13.41 billion, a P/E ratio of 13.23 and a beta of 0.26. Arc Resources has a 52-week low of $15.50 and a 52-week high of $23.93.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a return on equity of 16.91% and a net margin of 19.75%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Research analysts expect that Arc Resources will post 1.68 EPS for the current fiscal 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.