Arc Resources (OTCMKTS:AETUF) Cut to Hold at Cibc Captl Mkts

Cibc Captl Mkts cut shares of Arc Resources (OTCMKTS:AETUF) from a strong-buy rating to a hold rating in a research note published on Friday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. Zacks Research cut Arc Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Scotiabank lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Roth Mkm started coverage on shares of Arc Resources in a research report on Friday, December 19th. They set a “buy” rating for the company. Finally, Cantor Fitzgerald began coverage on Arc Resources in a research report on Monday, October 27th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Arc Resources presently has a consensus rating of “Hold”.

Arc Resources Stock Performance

OTCMKTS:AETUF opened at $16.71 on Friday. The firm has a 50-day moving average price of $18.28 and a two-hundred day moving average price of $18.47. The company has a market capitalization of $9.55 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.23 and a beta of 0.29. 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 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 data on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. As a group, research analysts expect 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.