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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company.

A number of analysts recently issued reports on AETUF shares. Jefferies Financial Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Scotiabank restated a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. TD Securities cut Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Raymond James Financial cut Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, BMO Capital Markets cut Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th.

Arc Resources Trading Up 0.1%

Shares of OTCMKTS:AETUF opened at $22.47 on Friday. Arc Resources has a 12-month low of $15.50 and a 12-month high of $23.86. The company has a market capitalization of $12.72 billion, a PE ratio of 12.28 and a beta of 0.28. The business has a 50 day moving average of $21.13 and a two-hundred day moving average of $19.29. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, analysts forecast that Arc Resources will post 2.04 EPS for the current 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.