Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Rating of “Moderate Buy” from Analysts

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

A number of brokerages have commented on AETUF. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Raymond James Financial reiterated an “outperform” rating on shares of Arc Resources in a report on Monday, September 15th. Scotiabank cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. TD Securities reaffirmed a “buy” rating on shares of Arc Resources in a report on Tuesday, September 30th. Finally, Roth Capital started coverage on shares of Arc Resources in a report on Friday, December 19th. They issued a “buy” rating for the company.

Arc Resources Stock Up 0.6%

Arc Resources stock opened at $18.92 on Wednesday. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.30. The firm’s fifty day moving average price is $18.29 and its two-hundred day moving average price is $18.96. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing the consensus estimate 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. On average, equities research analysts predict that Arc Resources will post 2.23 earnings per share 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.