Arc Resources (OTCMKTS:AETUF) Hits New 12-Month High – What’s Next?

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) reached a new 52-week high on Thursday . The stock traded as high as $24.54 and last traded at $24.3960, with a volume of 516015 shares traded. The stock had previously closed at $24.22.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets cut shares of Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Capital One Financial downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Finally, TD Securities downgraded Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Arc Resources Stock Up 0.7%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.87. The stock’s 50 day simple moving average is $22.50 and its 200 day simple moving average is $21.12. The firm has a market cap of $13.82 billion, a P/E ratio of 13.63 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, July 30th. The energy company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a return on equity of 16.91% and a net margin of 19.75%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.18 billion. Research analysts anticipate that Arc Resources Ltd. will post 1.68 EPS for the current 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.