Arc Resources Ltd. (OTCMKTS:AETUF) Given Average Recommendation of “Moderate Buy” by Analysts

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company.

A number of equities research analysts have weighed in on AETUF shares. Raymond James Financial reiterated an “outperform” rating on shares of Arc Resources in a research note on Monday, September 15th. Zacks Research cut shares of Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. UBS Group downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Cantor Fitzgerald assumed coverage on shares of Arc Resources in a research report on Monday, October 27th. They set an “overweight” rating on the stock. Finally, Roth Capital assumed coverage on shares of Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $19.02 on Wednesday. The company has a fifty day moving average of $18.25 and a two-hundred day moving average of $19.04. The company has a market capitalization of $10.89 billion, a PE ratio of 11.25, a P/E/G ratio of 0.80 and a beta of 0.29. Arc Resources has a 1 year low of $15.05 and a 1 year high of $23.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53.

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

About Arc Resources

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.