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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages have weighed in on AETUF. Scotiabank cut Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Zacks Research downgraded Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th.

Arc Resources Stock Performance

Shares of OTCMKTS:AETUF opened at $17.77 on Thursday. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86. The firm has a market cap of $10.15 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.29. 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 business has a fifty day moving average of $18.08 and a 200-day moving average of $18.36.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $1.07 billion. On average, equities research analysts predict that Arc Resources will post 2.23 EPS 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.