Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company.

Several research analysts have issued reports on the company. Scotiabank lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Roth Mkm initiated coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock. Finally, TD Securities restated a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th.

Arc Resources Price Performance

Shares of Arc Resources stock opened at $18.45 on Friday. The firm has a market cap of $10.54 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. The firm’s 50-day simple moving average is $18.16 and its 200-day simple moving average is $18.55. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). Arc Resources had a return on equity of 16.90% and a net margin of 25.94%.The business had revenue of $889.86 million for the quarter, compared to the consensus estimate of $1.05 billion. As a group, research analysts expect that Arc Resources will post 2.23 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.