Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Rating of “Buy” by Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Arc Resources in a report on Monday, October 27th. They issued an “overweight” rating for the company. TD Securities reiterated a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. Raymond James Financial reissued an “outperform” rating on shares of Arc Resources in a research note on Monday, September 15th. Wall Street Zen cut Arc Resources from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 18th. Finally, Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th.

Arc Resources Price Performance

Shares of AETUF opened at $19.36 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. The firm has a market cap of $11.14 billion, a PE ratio of 11.46, a PEG ratio of 0.76 and a beta of 0.29. The firm’s 50 day moving average price is $18.16 and its 200 day moving average price is $19.40. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.14). The business had revenue of $889.86 million for the quarter, compared to analyst estimates of $1.05 billion. Arc Resources had a return on equity of 16.90% and a net margin of 25.94%. As a group, research analysts expect that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.1376 dividend. This represents a yield of 306.0%. The ex-dividend date was Monday, September 29th. Arc Resources’s dividend payout ratio (DPR) is 32.54%.

Arc Resources Company Profile

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.