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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company.

AETUF has been the subject of several analyst reports. National Bank Financial downgraded shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. UBS Group downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Raymond James Financial lowered shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th.

Arc Resources Price Performance

Shares of OTCMKTS:AETUF opened at $21.14 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The business’s fifty day moving average price is $18.50 and its two-hundred day moving average price is $18.34. The stock has a market cap of $12.07 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.30 and a beta of 0.26. Arc Resources has a one year low of $15.05 and a one year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. On average, analysts forecast 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.