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

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

AETUF has been the subject of several analyst reports. Zacks Research lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Canaccord Genuity Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. TD Securities lowered shares of Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. BMO Capital Markets lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Finally, Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th.

Arc Resources Price Performance

Shares of OTCMKTS:AETUF opened at $21.42 on Wednesday. The firm’s 50 day moving average price is $21.83 and its 200-day moving average price is $19.86. Arc Resources has a twelve month low of $15.50 and a twelve month high of $23.79. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12.13 billion, a PE ratio of 11.70 and a beta of 0.25.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.25. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. Equities research analysts expect 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.