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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of equities analysts recently issued reports on the company. BMO Capital Markets cut Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Canaccord Genuity Group cut Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Scotiabank reiterated a “sector perform” rating on shares of Arc Resources in a report on Wednesday, April 29th. TD Securities cut Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Finally, National Bank Financial cut Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th.

Arc Resources Price Performance

Shares of AETUF opened at $23.08 on Friday. Arc Resources has a 12-month low of $15.50 and a 12-month high of $23.86. The business’s fifty day moving average is $21.25 and its 200 day moving average is $19.43. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. The stock has a market cap of $13.07 billion, a P/E ratio of 12.61 and a beta of 0.25.

Arc Resources (OTCMKTS:AETUF) last issued its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.14 billion. Sell-side analysts anticipate that Arc Resources will post 2.04 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.