ARC Resources (OTCMKTS:AETUF) Rating Increased to Strong-Buy at Wall Street Zen

ARC Resources (OTCMKTS:AETUF) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other analysts have also weighed in on AETUF. Desjardins reaffirmed a “buy” rating on shares of ARC Resources in a research note on Monday, May 5th. Royal Bank of Canada reissued an “outperform” rating on shares of ARC Resources in a research note on Friday, May 16th. Raymond James raised ARC Resources to a “moderate buy” rating in a research note on Monday, April 7th. Finally, National Bankshares reissued an “outperform” rating on shares of ARC Resources in a research note on Friday, May 16th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ARC Resources currently has a consensus rating of “Buy”.

ARC Resources Stock Performance

OTCMKTS:AETUF opened at $22.41 on Friday. The stock’s 50-day simple moving average is $19.98 and its 200 day simple moving average is $18.91. The firm has a market capitalization of $13.10 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. ARC Resources has a twelve month low of $14.89 and a twelve month high of $22.61.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. On average, analysts anticipate that ARC Resources will post 2.23 EPS for the current fiscal year.

About ARC Resources

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.