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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company.

A number of research analysts have issued reports on the stock. TD Securities downgraded shares of Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Jefferies Financial Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. BMO Capital Markets lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Royal Bank Of Canada restated an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th.

Arc Resources Stock Performance

Shares of OTCMKTS:AETUF opened at $23.03 on Friday. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 12.58 and a beta of 0.26. The company has a 50-day moving average price of $22.23 and a 200-day moving average price of $20.33. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. Arc Resources has a 12 month low of $15.50 and a 12 month high of $23.79.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.25. Arc Resources had a return on equity of 17.47% and a net margin of 22.77%.The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, equities analysts anticipate that Arc Resources will post 1.67 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.