Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Rating of “Hold” from Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has received a consensus rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts recently weighed in on the company. Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a report on Wednesday, April 29th. Jefferies Financial Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Capital One Financial downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Canaccord Genuity Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Zacks Research lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $20.86 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. Arc Resources has a twelve month low of $15.50 and a twelve month high of $23.79. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 11.40 and a beta of 0.25. The business’s fifty day moving average is $21.98 and its 200 day moving average is $19.89.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.25. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts expect that Arc Resources will post 2.04 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.