ARC Resources (OTCMKTS:AETUF) Stock Rating Upgraded by BMO Capital Markets

ARC Resources (OTCMKTS:AETUFGet Free Report) was upgraded by investment analysts at BMO Capital Markets to an “outperform” rating in a research report issued to clients and investors on Monday, Stock Target Advisor reports. The brokerage presently has a $25.00 price objective on the energy company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 59.32% from the stock’s current price.

ARC Resources Stock Performance

ARC Resources stock opened at $15.69 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $15.19 and a 200-day moving average of $15.45. The firm has a market cap of $9.38 billion, a P/E ratio of 8.09 and a beta of 1.14. ARC Resources has a 1-year low of $10.45 and a 1-year high of $17.35.

ARC Resources (OTCMKTS:AETUFGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The energy company reported $0.62 EPS for the quarter. ARC Resources had a net margin of 28.19% and a return on equity of 22.43%. The business had revenue of $1.02 billion during the quarter.

About ARC Resources

(Get Free Report)

ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney properties located in northeast British Columbia and northern Alberta. ARC Resources Ltd. was founded in 1996 and is headquartered in Calgary, Canada.

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