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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have earned an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have given a buy recommendation to the company.

A number of research analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Arc Resources in a research note on Wednesday, July 15th. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st.

Arc Resources Stock Performance

Shares of AETUF opened at $24.54 on Tuesday. The stock has a 50 day moving average of $24.49 and a 200 day moving average of $21.84. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 13.71 and a beta of 0.27. Arc Resources has a 12 month low of $15.50 and a 12 month high of $24.80. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

About Arc Resources

ARC Resources Ltd. is a Canadian energy company engaged in the development, production, processing and marketing of crude oil, condensate, natural gas and natural gas liquids. The company’s operations are focused primarily on the Montney resource play in northeastern British Columbia and northwestern Alberta, where it holds extensive unconventional oil and natural gas assets.

ARC Resources serves energy markets in Canada and abroad through its production, infrastructure and marketing activities.