Arc Resources (OTCMKTS:AETUF) Cut to “Hold” at Natl Bk Canada

Natl Bk Canada cut shares of Arc Resources (OTCMKTS:AETUF) from a strong-buy rating to a hold rating in a research report released on Friday morning,Zacks.com reports.

Several other analysts have also commented on the stock. Roth Mkm began coverage on shares of Arc Resources in a research note on Friday, December 19th. They set a “buy” rating for the company. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. Cibc Captl Mkts cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday. National Bankshares lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce lowered Arc Resources from an “outperform” rating to a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Arc Resources Price Performance

Shares of AETUF stock opened at $16.71 on Friday. 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. The firm has a fifty day simple moving average of $18.28 and a 200-day simple moving average of $18.47. The company has a market capitalization of $9.55 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.23 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Equities research analysts anticipate that Arc Resources will post 2.23 earnings per share for the current fiscal 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.