Arc Resources Ltd. (OTCMKTS:AETUF) Stock Now Rated “Hold” by Sell-Side Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company.

Several equities analysts have recently commented on AETUF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st.

Arc Resources Stock Performance

AETUF stock opened at $24.54 on Friday. The firm has a 50 day simple moving average of $24.14 and a 200 day simple moving average of $22.46. Arc Resources has a 52 week low of $15.50 and a 52 week high of $24.80. The stock has a market cap of $13.90 billion, a P/E ratio of 13.71 and a beta of 0.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.88.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a net margin of 19.75% and a return on equity of 16.67%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.18 billion. Research analysts anticipate that Arc Resources will post 1.68 earnings per share for the current fiscal year.

Arc Resources Company Profile

ARC Resources Ltd. is a Canadian energy company engaged in the exploration, development, production and marketing of crude oil, condensate, natural gas and natural gas liquids. Its operations are focused primarily on resource-rich areas of Western Canada, with a significant presence in Alberta’s Montney and Greater Kakwa regions.

The company’s production portfolio includes liquids-rich natural gas, condensate, natural gas liquids and crude oil. ARC Resources sells its products to domestic and international markets through pipeline, transportation and marketing arrangements, and has pursued access to growing liquefied natural gas markets on Canada’s west coast.

ARC Resources traces its history to 1996 and became a publicly traded corporation in 2011 following the conversion of ARC Energy Trust.