Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Rating of “Moderate Buy” from Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company.

Several equities analysts have issued reports on the stock. UBS Group downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. TD Securities restated a “buy” rating on shares of Arc Resources in a research report on Tuesday, September 30th. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Scotiabank lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Roth Mkm initiated coverage on Arc Resources in a report on Friday, December 19th. They set a “buy” rating for the company.

Arc Resources Stock Up 1.5%

Shares of AETUF opened at $18.47 on Friday. The firm has a market cap of $10.55 billion, a P/E ratio of 10.93, a PEG ratio of 1.60 and a beta of 0.30. Arc Resources has a 12 month low of $15.05 and a 12 month high of $23.86. The stock’s 50 day moving average is $18.14 and its two-hundred day moving average is $18.59. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28.

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